Secondly, college students' entrepreneurial loans are mainly used for college students with entrepreneurial needs. They are unsecured and unsecured credit loans issued by banks and other financial institutions to college students. College students' entrepreneurship loan is specially set up to encourage college students to start their own businesses. The application conditions are 18 years old, college degree or above. Fresh graduates or college students who have graduated for less than 2 years can apply. The loan cost of this kind of loan is relatively low, and the loan amount is related to the credit rating. Microfinance provided by way of guarantee or mortgage (pledge) has a term of 1-2 years, and will not enjoy financial discount after 2 years.
General consumer finance loans are generally not open to college students. Because consumer finance loans mainly lend money to users with consumer demand, as college students, they should control their consumer demand reasonably without income.