(1) payment methods are different. Discount financing pays interest first, and loan financing pays interest first.

(2) Different liquidity, the liquidity of discount financing is stronger than that of loan financing.

(3) The security is different. Discount financing is safer than loan financing.

(4) The impact on the total amount of social funds is different. Discount financing did not change the total amount of social funds, while loan financing increased the currency in circulation.