1. Different processing conditions
Although corporate loans and personal loans have similarities, they are still two different types of loans, and the processing conditions are naturally different. When a company applies for an operating loan, the conditions are relatively strict. In addition to the business status and credit of the company, it also needs to look at other comprehensive factors of the company. Relatively speaking, the conditions for personal loan application are simpler than those for corporate loans. The general requirements for individuals to apply for small business loans are relatively simple. The individual needs to provide collateral. The individual's credit, assets, business projects, loan purposes, income sources, etc. are all factors that banks need to evaluate.
2. Different loan purposes
The purpose of an enterprise applying for a loan is generally for business operations or capital turnover. The purpose of personal loan application may not only be used for business, but also for consumption, house purchase, car purchase, decoration, travel, capital turnover, etc...
3. Loan repayment is different
p>When banks issue loans, they will consider what to do if the loan cannot be recovered in the near future. If the company cannot repay the loan in the near future, the legal person of the company will need to bear the responsibility. Therefore, generally speaking, banks are very strict in contrasting the scope of collateral for corporate customers. If a personal loan cannot be repaid in the near future, the personal credit record will be greatly affected, the collateral may be disposed of by the bank, and in serious cases, the loan may be blacklisted by the bank.