Credit loan. Credit loan is a loan that a lender applies for with personal credit. Without collateral, there is no need for a third-party secured loan. Guaranteed loans require the intervention of a third party to provide joint and several liability guarantee for lenders, so bank-guaranteed loans do not include credit loans. Because credit loans generally pay more attention to the lender's credit qualification, as long as there is no record of non-performing loans on the lender's credit report, there is no problem in the general loan application.