Credit card is also a kind of microfinance, but it is different from traditional bank microfinance. For individuals, installment consumption effectively relieves the economic pressure brought by large consumption. Credit card installment payment also brings a lot of convenience to everyone. The differences between credit cards and microfinance are as follows:

1, loan amount

Compared with the traditional bank micro-loans, the credit line of credit card is low, generally in the thousands to tens of thousands, and the maximum micro-loans can reach 200,000.

2. Term of loan

If credit card is used for installment, the longest installment period can only reach two years, while the bank's microfinance period can reach three years.

3. Loan interest rate

As long as the cardholder uses the credit card normally, he can enjoy the interest-free discount for a certain period of time after swiping the card (the interest-free period of some bank credit cards can be as long as 56 days), but the bank will bear interest on a daily basis (the daily interest rate is five ten thousandths) and charge a certain withdrawal fee. After the borrower successfully obtains a small loan, the bank will immediately start to bear interest, and the interest rate will generally rise above the benchmark loan interest rate.

Tips: The above information is for reference only. If you need funds, you can also handle them through our official channels. The loan of Ping An Bank needs to be evaluated according to your comprehensive qualifications. Whether the loan can be obtained depends on the final audit results. Different loan review processes are different, depending on the requirements of local branches. You can log on to Ping An Pocket Bank APP- Loan to learn about our loan products and try to apply.

Reply time: 2022-0 1-05. Please refer to the latest business changes announced by Ping An Bank in official website.