I. Amount
The credit line of credit loans is relatively low, and there is no need for mortgage (generally, the credit line of enterprises within 654.38+0 million will be slightly higher). Credit loan is based on the credit situation of the applicant/enterprise. The application conditions of personal credit loan are mainly a comprehensive analysis of personal credit information, occupation/unit, income, provident fund, assets, education, assets under personal name, etc. Finally, the credit line is given according to the risk level of the bank.
Enterprise credit loans's application conditions are mainly based on the comprehensive qualifications of individuals/enterprises, such as credit information, industry, business data, assets under the name of legal person/enterprise, liabilities of legal person/enterprise, etc.
Mortgage loans are generally large in amount and need collateral. Common mortgage loans include real estate, commercial assets and automobiles. (Comprehensive credit is granted according to the value of collateral and the qualification of the applicant). The interest rate and amount of the loan are also affected by the value of the collateral, which is generally determined by the value of the collateral. For example, villas, houses and apartments bear different risks and interest rates.
Second, interest rates.
The interest rate of bank loan is determined according to the risk degree and comprehensive qualification of the applicant/subject, so the risk of credit loan is obviously higher than that of mortgage loan, so the interest rate of credit loan will be higher. Of course, in recent years, due to the epidemic, domestic financial institutions have vigorously promoted non-contact online credit loans and given certain interest rate concessions, so there are also credit loans with lower interest rates.
Because mortgage loans are secured by collateral, banks can use the value of collateral to hedge risks when customers are overdue or unable to repay normally, so the interest rate of mortgage loans will be relatively low.
Third, processing time.
It is convenient to apply for a credit loan. Generally, it is online operation, without offline contact. The entire loan application process can be completed in a few minutes, and the results can be produced within 3 days, and there are also loans on the same day.
The mortgage loan process is complex and needs to be handled offline. For example, real estate mortgage loans need to go through procedures such as evaluation and mortgage registration, and the whole process takes a long time. It usually takes about 10- 15 days. After completing the process, there are many processes, teaching is slow, and it takes several trips.
Four. length of maturity
The term of credit loans is generally about 65,438+0 ~ 3 years, and some banks or institutions adopt revolving credit lines, which can be extended to about 65,438+00 years. At present, personal consumption credit loans are frequently used in the market, and corporate credit loans have gradually developed with the popularization and application of big data in the past two years.
The term of mortgage loan is relatively long, the most typical one is mortgage loan, which can last as long as 30 years, and most mortgage loans are about 3- 10 years.