Self-operated loan refers to a loan independently issued by the lender with funds raised in a legal way. The risk is borne by the lender, and the principal and interest are recovered by the lender. Entrusted loan refers to the loan provided by the government departments, enterprises, institutions, individuals and other principals, and issued, supervised and recovered by the lender (i.e. the trustee) according to the loan object, purpose, amount, term and interest rate determined by the principal.
The lender (trustee) only charges the handling fee and does not bear the loan risk. Specific loans refer to loans granted by wholly state-owned commercial banks with the approval of the State Council after taking corresponding remedial measures for the losses that may be caused by loans.
2. Short-term loans, medium-term loans and long-term loans
Short-term loans refer to loans with a loan term of less than one year (including one year). Medium-term loans refer to loans with a loan term of more than one year (excluding one year) to less than five years (including five years). Long-term loans refer to loans with a loan term of more than five years (excluding five years).
3. Credit loans, secured loans and discounted bills
Credit loan refers to the loan issued by the borrower's credit. Secured loans refer to secured loans, mortgage loans and pledged loans. Secured loan refers to a loan issued by a third party in the form of guarantee stipulated in the Guarantee Law of People's Republic of China (PRC), with the borrower undertaking general guarantee liability or joint liability as agreed.
Legal basis: Article 7 of the General Principles of Loans divides loans into the following three categories:
1. Self-operated loans, entrusted loans and special loans
2. Short-term loans, medium-term loans and long-term loans
3. Credit loans, secured loans and discounted bills