Legal analysis: Personal loans are personal loans, and personal loans refer to local and foreign currency loans issued by banks or other financial institutions to natural persons who meet the loan conditions for personal consumption, production and operation. When the lender issues a personal housing loan, the borrower must provide a guarantee; If the borrower fails to repay the principal and interest of the loan at maturity, the lender has the right to dispose of its collateral or pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest. Commercial banks should strictly examine the borrower's loan purpose, repayment ability and repayment method. Commercial bank loans shall be subject to the system of separating loan review from grading approval.

Legal basis: Interim Measures for the Administration of Personal Loans of China Banking Regulatory Commission Article 3 Personal loans mentioned in these Measures refer to local and foreign currency loans granted by lenders to qualified natural persons for personal consumption, production and operation.