Credit union loans are better.

The advantages of credit unions are low interest rates and high credit limits, although if the approval is too strict, it can easily get stuck. If you are in urgent need of money, you can choose a loan from a financial company. The loan approval process of financial companies is relatively loose, the interest rate will be relatively high, and the amount will be relatively low.

Bank loan refers to an economic behavior in which a bank lends funds to those in need of funds at a certain interest rate in accordance with national policies and agrees to return the funds within an agreed period. Generally, you are required to provide a guarantee, a house mortgage, or proof of income, and have a good personal credit report before you can apply.