The difference between credit, credit loan and loan

The difference between credit, credit loan and loan. The macro of credit is not just a kind of bank loan, as the friend above said. Credit is a macro concept. According to the questioner's understanding, it is the general name of loans and related industries. Credit loan is a kind of bank loan. Now bank loans are generally divided into mortgage loans, pledge loans, guarantee loans and credit loans. Credit loans are characterized by unsecured and unsecured loans.

The difference between credit and credit loans is similar to that of banks handling credit loans, mainly based on personal qualifications. The better the qualification, the easier it is to approve.

Conditions for applying for a credit loan:

1,18-a natural person aged 65;

2. The borrower's actual age plus the loan application period shall not exceed 70 years old;

3. Have the ability to stabilize employment, income and repay the loan principal and interest on schedule;

4. Good credit information and no bad records;

5. Other conditions stipulated by the bank.

Bank loans, credit loans and usury are different. Many bank loans are mortgage loans, which means you need to mortgage property or guarantee. The interest rate is about 3% -7% per month!

At present, many financial institutions have credit loans, but credit loans do not mean that they can be loaned as long as they have ID cards, but also have corresponding evidence, such as mortgaged houses, mortgaged cars, social security accumulation funds, life insurance policies and so on. This is an unsecured loan. Many banks also have corresponding loan products. The interest rate is about 8% -2 cents a month!

Usury is stipulated by national laws, and the annual interest rate exceeds 36% and above, which is usury! National laws do not support it, that is to say, if you borrow usury and the interest rate exceeds 36%, you will be fine!

Is credit a credit loan? Credit is the borrowing behavior between different owners that reflects a certain economic relationship. It is a special form of value movement on the condition of repayment. It is a credit activity in which creditors lend money and debtors repay and pay certain interest on time. (gain income by transferring the right to use funds). Credit in a broad sense refers to the general name of credit activities with banks as the intermediary and deposits and loans as the main body, including deposits, loans and settlement business. Credit in a narrow sense usually refers to bank loans, that is, the issuance of monetary funds with banks as the main body.

Credit loan refers to the loan issued by the borrower's reputation, and the borrower does not need to provide guarantee. Its characteristic is that the debtor can get a loan only by his own reputation without providing collateral or third-party guarantee, and the borrower's credit degree is used as repayment guarantee. This kind of credit loan has long been the main loan method for banks in China. Because this kind of loan is risky, it is generally necessary to conduct a detailed investigation on the borrower's economic benefits, management level and development prospects in order to reduce the risk.

Credit does not refer to credit loans. Credit in "credit loan" is credit in a narrow sense, which refers to credit obtained solely by virtue of reputation without providing guarantee (guarantee is divided into guarantee, mortgage and pledge). The "letter" in credit refers to the borrowing behavior, which has nothing to do with whether to provide guarantee or not. It is called "credit" because whether guarantee is provided or not is a kind of credit activity, and both borrowers and borrowers should be based on "credit", which is characterized by payment on the condition of recovery.

The difference between credit loan and mortgage (China Merchants Bank) "Personal consumption credit loan" can only be used for personal consumption purposes (including car purchase, decoration, teaching materials, bulk consumption shopping, tourism, etc. , and cannot be used for buying a house). Proof of use is required when applying. Because there is no need for collateral, the audit is strict. Relevant materials (including use certificate, identity certificate, repayment certificate, etc.) need to be submitted. ) Go to the personal loan department of local outlets for comprehensive approval.

What is the difference between the monthly repayment amount of credit loan and the balance of credit loan? The monthly repayment amount of a credit loan is the amount to be repaid every month.

The credit loan balance is the loan balance.

The difference between pure credit loan and mortgage loan Hello, I saw the message you sent.

The most fundamental difference is that more money is less.

Pure credit: with good qualifications, you can borrow tens of thousands.

Mortgage: depending on the collateral, there are many loans that can be made.

What's the difference between a credit loan and a secured loan? The biggest difference is that credit loans do not need collateral, and you will know the guarantor and guarantee the loan.

Credit loans in a broad sense and credit loans in a narrow sense, that is, credit, refer to all forms of value movement that are conditional on fulfilling commitments. Usually in a narrow sense, it refers to the credit business activities of banks. Including deposit business and loan business between banks and customers. Nowadays, it is often simply interpreted as a bank loan.

According to the classification, we have "real estate loan" in our life, referred to as mortgage; Car loan. According to users, there are individuals and SMEs. And overdraft credit cards, direct cash.