Many people who are short of money will borrow money in two ways, one is credit card installment and the other is loan. Although everyone can get a loan, the cost is different, so many people have been struggling and don't know how to choose. So, is credit card installment appropriate or loan appropriate? Let me give you a brief introduction.
Is credit card installment appropriate or loan appropriate? It can be said that if you can choose a loan, try to get a loan. 1, credit card installment is relatively easy to handle, but the annualized interest rate is relatively high, which is not directly calculated by multiplying the installment interest rate given by the bank by the number of installments, because the actual occupation time of credit card installment principal is not that long. No matter how many installments a credit card repays, the handling fee and principal of each installment are fixed, and the handling fee will not be reduced because of the reduction of the principal of each installment. The actual annual interest rate of a credit card is actually twice the book interest minus 1, which is the same as the monthly interest rate. The real annual interest rate is not that simple, or even higher. The interest of the loan is easy to calculate. The general monthly interest rate is directly multiplied by the loan term, 1 year multiplied by 12 months. Moreover, most of the loans still support borrowing and returning. Although the loan period is selected when borrowing, the interest is calculated according to the actual number of days borrowed, but it should be noted that the daily interest and monthly interest are charged differently. The daily interest is calculated from the date of borrowing to the date of repayment; Calculate the interest on a monthly basis is to collect interest in the current month, not as many days as it takes in the current month. The above is the introduction of "credit card installment is appropriate or loan is appropriate". Finally, I want to remind you to choose according to your actual situation and real needs.
2. Which is more cost-effective for ABC's cash installment or cash transfer?
1. If you need money immediately, it is faster to withdraw cash by credit card than by cash installment, because cash installment has to go through the steps of application, review and approval of payment amount. Credit card withdrawals can be made at any ATM.
2. If a large amount of cash is needed, the cash installment is greater than the withdrawal amount. The cash installment can reach at least 654.38 million, which is equivalent to the existing limit of credit card. If you want to withdraw a large sum of money, you must apply at the bank counter.
3. If you want to avoid more benefits. Under normal circumstances, it is more cost-effective to cash out a loan of 1 10,000 yuan or more, which requires not only a handling fee, but also interest of five ten thousandths per day. If you only need a small amount and can repay quickly, you can choose to withdraw cash, which is more convenient and faster.
3. Which is more cost-effective, credit card cash installment or installment payment?
It is best to expand all of them, because the cash installment interest of credit cards is not very low.
4. How about credit card installment?
Recently, many young people have spent a lot of money on car, house and decoration. For these people, there are more and more loan products available. For example, use credit card to pay in installments, 2 1 13 and so on. Faced with so many loan methods, how should we choose 526 1? How do consumers choose the loan method that suits them? The lowest interest rate of small consumer loans is only 1.86%, which is a 4 102 unsecured secured lender for post-80s urban white-collar workers recently withdrawn by a company. Consumers only need to provide their own certificates and proof of income. It only takes a few working days to approve the loan, and the loan will arrive directly. If you own your own property, you can increase the amount several times. At present, credit cards have also become a popular channel for many young people. Those who cancel the 1653 fee can directly use the installment method at the established merchants or online platforms, and then apply for online banking installment loans by telephone. Although the installment payment method of credit card is very simple, there is a problem of handling fee after all. Although the credit card claims to be free of washing, it has to pay a certain handling fee. Although there is no handling fee for opening a small internal credit loan, the interest rate is higher after all. If it is used for decoration or study abroad, it will be inconvenient. The company's loan method is suitable for stable large expenditures that cannot be swiped. In addition, we advise consumers to choose the repayment period within half a year.