1. Cash withdrawal by credit card: First, you must have an unsecured credit card. As long as the cardholder's circulation credit status is good and his account is normal, he can generally apply.
2. Credit loans can be obtained only by personal credit without mortgage. The borrower is required to have good credit, stable working and repayment ability, and a salary of more than 3,000 yuan (different products have different requirements).
Second, the amount:
1. Cash withdrawal by credit card will be limited. The withdrawal amount of most credit cards is 30% ~ 50% of the total amount of credit cards, and the withdrawal amount per day is limited. The daily withdrawal limit of most banks' credit cards is 2000 yuan. If customers want to withdraw a large sum of money, they have to withdraw it day by day, which is definitely unacceptable for customers who have a large amount of funds temporarily.
2. To apply for a credit loan, generally speaking, the applicable amount is 5- 10 times of the borrower's salary. If there are large assets, the amount will be increased to 15-20 times.
Third, interest:
1. After the credit card is withdrawn, the bank will charge interest at the rate of five ten thousandths per day.
2. You can get a credit loan without collateral, so the loan interest rate will be a little high. The average interest rate of unsecured loans provided by some banks is around 10% (some are higher than 10%). Some will be 7%-9%), and the interest rate of unsecured loans of small loan companies will be higher, and some will even be around 20%.
Four. Loan speed:
1. You don't need to wait for a loan to withdraw cash by credit card. You can experience the super pleasure of putting money in place just through ATM. However, this is a double-edged sword. Users who need 20,000 yuan of funds can withdraw 2,000 yuan continuously every day, 10 days before they can "loan".
2. Credit loans can be released on the same day at the earliest, or within 7 days if it is slow.
Verb (abbreviation of verb) repayment period:
1. Due to the loose supervision on the use of funds by credit card withdrawal, banks are more eager to recover funds for safety reasons. Generally speaking, the shortest repayment period is 25 days, and the longest is only 56 days.
2. Compared with cash withdrawal by credit card, the repayment period of credit loan is very flexible. The term of the loan can be 3 months to 5 years, and the borrower can choose freely according to his own financial situation.