The difference between credit and loan
1. Credit granting: Generally speaking, a bank gives an enterprise a line with corresponding business types, which can be recovered within a certain period of time.
2. Loan: Generally, it is a one-off behavior, which is divided into narrow sense and broad sense. Banks in a broad sense refer to banks in a narrow sense, namely: working capital loans, fixed assets loans and other physical assets business.
Credit term and loan term
1. Credit term: refers to the behavior that banks directly provide financial support to customers or guarantee customers' credit in related economic activities to third parties, and set a good time for this behavior, which is called credit term. Credit is divided into short-term credit and medium-and long-term credit according to the term. Short-term credit refers to credit within one year, and medium-and long-term credit refers to credit for more than one year.
2. The difference between credit term and loan term
The credit period is the longest loan period that the lending institution can provide, and the loan period is the period that the lending institution is willing to provide to the applicant within the credit period.
3. Provisions on the credit term of various loans
Term of mortgage loan: up to 30 years.
Credit period of car loan: five years, which means that the longest repayment period of car loan is five years. However, after comprehensive consideration by the lending institution or the applicant, the loan term is selected within three years, generally not more than three years.
The credit term of a credit loan is generally one to three years, and the longest is not more than five years.
Credit period of mortgage loan: up to ten years.
In addition, the credit term of enterprise loans is stipulated as follows:
The credit term should be determined according to different guarantee methods. The working capital loan shall not exceed six months, the coal inventory pledge or mining right shall not exceed three years, and the project loan shall not exceed seven years.
What's the difference between bank credit and loan?
Difference: bank credit, similar to credit card, is that the bank will give users a certain amount of money, which users can use at any time in a certain period of time, but credit loans usually require the user's real estate to be mortgaged in the bank; Bank loan is an economic behavior that the bank issues loans to individuals or enterprises at a fixed interest rate and repays them on a fixed date.
1. Bank credit refers to the funds provided by commercial banks to customers of non-financial institutions, or the guarantee for the compensation and payment liabilities that may occur in related economic activities. Its business types are diverse and involve a wide range. Including loans, trade financing, bill financing, financial leasing, overdraft, advances and other off-balance-sheet businesses, as well as off-balance-sheet businesses such as bill acceptance, letter of credit opening, letter of guarantee, standby letter of credit, letter of credit confirmation, bond issuance guarantee, loan guarantee, sale of assets with recourse and unused irrevocable loan commitment.
2. Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit. Generally, you need a guarantee, house mortgage, or proof of income. Anyone with good personal credit can apply. At present, most people buy houses and start businesses through bank loans, and the state actively encourages us to borrow through banks, which makes the national economy more and more dynamic and better.
Handling the bank credit line will not affect our going to the bank for loans, but it is more beneficial for us to go to the corresponding bank for loans, because our qualifications have been recognized by the bank, which also shows from the side that we are not short of money, have stable daily income, and have the ability to pay the interest generated in each period and finally repay the loans.
If we want to apply for a loan, the bank will first inquire about our credit information, but it will inform us before inquiring about the credit information and after obtaining our permission, otherwise it is illegal for the bank to inquire privately. Usually pay more attention to your credit information. If you have a loan before, you should pay interest and repay the loan in time to avoid adverse effects on your credit information.
What's the difference between credit and loan?
1, the content is different.
Credit refers to the funds provided by commercial banks directly to customers of non-financial institutions, or the guarantee of compensation and payment responsibilities that customers may bear in related economic activities, including loans, trade financing, bill financing, financial leasing, overdraft,
On-balance-sheet business such as advances, and off-balance-sheet business such as bill acceptance, letter of credit, letter of guarantee, standby letter of credit, letter of credit confirmation, bond issuance guarantee, loan guarantee, sale of assets with recourse, and unused irrevocable loan commitment.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.
2. Different ways
Equal repayment of loan principal and interest: that is, the sum of loan principal and interest is repaid in equal amount every month. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same.
The credit of commercial banks is divided into basic credit and special credit. Basic credit refers to the credit line determined by commercial banks according to the national credit policy and the basic situation of various regions and customers.
3. Different principles
Differentiated credit granting should be implemented according to the economic development level, economic and financial management ability, occupation and use of credit funds, financial risks and other factors in different regions.
The "three principles" of loans refer to safety, liquidity and efficiency, and are the fundamental principles of commercial banks' loan operation.