What Is a Cash Line Of Credit?

Cash loans are cash credits. When consumers need cash for various reasons, they can apply for loans from financial institutions. Consumers get cash, and the main body of credit is a financial institution. Cash loans are a lot better than retail credit: retail credit restricts transactions to specific goods, while cash loans allow consumers to buy arbitrary goods and have a wider range of uses.

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First of all, if you want to apply for personal loans at major banks, you need to meet the following basic aspects:

1. The applicant has a stable job and has more than half a year's work time;

2. It can provide bank flow approved by the bank, and the minimum monthly income should generally reach more than 3,000 yuan;

3. Personal credit record is good, and there is no record of continuous malicious debts.

After meeting these conditions, consumers can successfully apply for personal loans from banks. However, if the enterprise issues cash, the bank slip in Article 2 cannot be provided, but this does not mean that a loan cannot be applied for.

If the wages of the consumer's company are all paid in cash, the personnel department of the company is usually required to issue and stamp a general payroll of more than half a year, which is usually used as a proof of income. If the borrower's salary is cash, they can also apply for personal unsecured credit loans from Ping An Bank. With the increasingly perfect personal loan business of banks today, it is not difficult for consumers to apply for credit loans.