Loan purposes are different, loan amounts are different, etc.

Loan purpose: Consumer loans are mainly used for daily consumption of individuals or families, such as decoration, travel, education, medical care, etc. Mortgage loans are mainly used to purchase fixed assets such as real estate and vehicles or for the production and operation activities of enterprises.

Loan limit: The limit of consumer loans is lower and is determined based on the borrower's income and credit status. The mortgage loan amount is higher, depending on the value of the collateral and the borrower's repayment ability.