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What's the difference between lease loan and general bank loan?
The difference between lease loan and general bank loan;

1. Lease loan is a bit like the fixed asset loan in the past;

2. But there are still differences. Lease loan is a combination of borrowing and borrowing. Bank loan is a single loan credit;

3. Lease loan financing period is relatively long, generally more than 3 years, and bank loans are mainly working capital loans;

4. The lease loan does not need to repay the principal and interest in one lump sum, but pays the rent in installments;

5. The payment method can also be adjusted according to the cash situation of customers;

6. The lease loan funds are used compactly, and no loan is vacant to pay interest.