Credit company loans require mortgages or collateral, such as real estate, deposits, etc., and generally have higher interest rates, but the time is faster; some bank loans also require mortgages, but credit unions can obtain loans in the form of guarantees , the maximum amount is 50,000, and the guarantor is generally required to be a civil servant, teacher, bank employee and other people with a fixed income.

1. The main difference lies in the types of loans, which are more aggressive in terms of risk tolerance, and of course the interest returns are also higher.

2. As a supplement to bank loans, the source of funds is also social funds, but it is different from the deposits that banks absorb from the society.

3. The cost of funds is higher than the cost of banks.

4. At present, there are not many laws and regulations to guide and protect this new industry. In actual operations, Rongyi has violated regulations and laws in terms of loans and fund absorption!