HOW THE CARD LOAN WORKS AND HOW IT DIFFERS FROM OTHER LOANS Main menu How to reduce interest rates? The repayment amount changes depending on the repayment method Interest rates are high because it can be used for multiple purposes Submenu Link Collection site map Current page: Top page Money to get a card loan and how to use it Card loan services, which allow you to make as many loans as you like within the limit by making one card, have become the mainstream of cash advances these days. The created card can be used not only at dedicated ATMs but also at ATMs installed at convenience stores nationwide, creating an environment where you can easily obtain a loan. As a standing position of a card loan, it will be a part of cashing (cash loan). When you get a loan at a bank, you certainly borrow money, but the usage is limited, which is a big difference between cashing and general loan. For example, in the case of a car loan, the money obtained from the loan must be used to purchase a car, and in the case of a mortgage, the use of money is limited to the cost of purchasing a house. I will. On the other hand, if you get a loan by cashing, you can use the money you earned freely. To give an extreme example, even if you dissolve the money you got from a loan into a gambling, there is no blame if you can even repay it. However, the only drawback is that the higher the degree of freedom, the higher the interest rate. If you get a loan from a money lender, you will usually get a real annual interest rate of around 18%. Given that interest rates on auto loans and mortgages are only a few percent, the difference is obvious. Therefore, it is necessary to make a planned repayment plan before using it. Copyright © 2014 Card loan system and differences from other loans All Rights Reserved.