Legal analysis: The biggest difference between mortgage loan and mortgage loan is that mortgage loan is that buyers borrow money from banks to buy houses, while mortgage loan is that borrowers borrow money from banks for consumption or operation. Such as car purchase, travel, decoration, medical treatment, study abroad or commercial use.

Legal basis: Measures for the Administration of Individual Housing Loans

Article 7 A borrower shall apply for a loan directly from the lender. The lender shall give a formal reply to the borrower within three weeks from the date of receiving the loan application and the materials that meet the requirements. After examination and approval, the lender shall issue housing loans to the borrower in accordance with the relevant provisions of the General Rules for Loans.

Article 8 The loan amount issued by the lender shall not exceed the value of the house purchased by the real estate appraisal agency.