The process of handling credit cards is only one of the materials for users to apply for loans. Most lending institutions have requirements on the borrower's age, salary income and personal credit. Generally, if the borrower's qualification is good enough, he can apply for loan business at the bank where the loan is issued.

Card-punching wage loan is a kind of credit loan product, which means that a borrower applies for a loan from a lending institution with a certain percentage of his monthly salary as repayment guarantee. The loan funds can be used for personal consumption needs, and the borrower does not need to provide mortgage or guarantee. Different lending institutions have different regulations on dealing with punch-in wage loans. Generally speaking, the loan amount does not exceed the borrower's salary ×90%× term month. The loan term shall not exceed the term of the borrower's labor contract, which is generally 1-2 years. Users who apply for punch-in wage loans need to meet the following conditions:

1. The borrower needs to be 18 years old and be a legal citizen of China;

2. The borrower has the ability to repay the loan, has a stable job and income, and needs to be a national civil servant, institution and enterprise employee with good economic benefits;

3. The borrower has a good personal credit record, no overdue behavior and no debt;

4. The borrower needs to meet other conditions stipulated by the lending institution.

What does punch-in pay mean?

Punch pay refers to the salary paid by the company to its employees through the bank every month. The detailed information of punch payment can be inquired in the bank. If it is necessary to print the punch-in salary, users can bring their ID cards and bank cards to the bank counter for printing. At present, banks, financial institutions and online lending platforms have launched credit card payment products, and users can apply for loans with credit card payment as a guarantee. This is a pure credit loan product. Users who want to apply for credit card loans need to meet the conditions stipulated by lending institutions before they are eligible to apply for loans. After the user obtains the loan through examination, he needs to repay the arrears according to the regulations of the lending institution, and make a good repayment record, so as not to be overdue, so as not to leave a stain on his personal credit.