Loans include mortgage loans and unsecured loans, so mortgage is one of the loan methods. Mortgage generally refers to the use of houses or vehicles as collateral for loans, and the scope of loans is wider, including unsecured loans, such as credit loans.

The difference between mortgage loan and unsecured loan;

1, collateral requirements

Mortgage loans need valuable things such as houses and cars as collateral; Moreover, unsecured loans do not need collateral, and individuals only apply for loans based on personal credit.

2. Loan amount

The loan amount of mortgage loan is related to the assessed value of collateral, which is generally large; The loan amount of unsecured loans is related to personal income and credit information.

3. Loan interest rate

Due to different risks, the interest rate of general mortgage loans is higher than that of unsecured loans.