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The loans we generally refer to are regular bank loans, and other financial institutions also have channels for loans, but the interest rate is generally high, which is difficult for ordinary people to accept unless it is absolutely necessary. Here, we still suggest that you try to take the channel of bank loans, but there are many ways to classify bank loans. The following are the most understandable classifications by financing object and guarantee method:
I. Personal loans
1. Credit: Generally, small personal loans are guaranteed by credit. Banks can calculate the loan amount by querying credit information, big data, social security provident fund and other data. This kind of loan is relatively quick and simple. As long as they have a stable job and a good credit record, they can generally lend money smoothly.
2. Mortgage: If the amount of credit loan can't meet your needs, then you have to use the house as collateral to apply for a loan. Personal mortgage loans can also be divided into consumer loans and commercial loans according to their purposes, and the amount of commercial loans is relatively high. Every bank has different requirements for collateral, and not all houses meet the requirements of mortgage.
3. Provident Fund: Provident Fund loan is a loan with the lowest interest rate among all loans. As the name implies, you need a person who pays the provident fund to apply, and the provident fund loan also needs collateral. However, the loanable amount of provident fund is not as much as that of pure mortgage loan, and individuals generally range from 300- 1 10,000, which can be added up by both husband and wife.
Second, corporate loans.
1. Credit: enterprise credit loans is relatively rare, and such enterprises generally need very high qualifications.
2. Mortgage: The most common way for enterprises to apply for working capital loans is to mortgage their own factories and office buildings. Of course, the loan amount approved by the bank will also affect the operation of enterprises, and the repayment method of enterprise loans is much more flexible than that of individuals. Therefore, in general, corporate loans are funded after interest, and they should be turned over at least once a year.
3. Guarantee: When an enterprise has no fixed assets mortgage, but still needs loan funds, it can apply to the bank for enterprise or individual guarantee. Banks will judge whether there is a double guarantee for repayment by examining the qualification of the guarantee enterprise, and generally add the personal joint liability of the actual controller. The above is only a description of one of the loan classification methods. But no matter what kind of loan, the bank's approval process and focus are the same. Both individuals and enterprises must first ensure a good credit record and a stable source of repayment, so it is not too difficult to get loans from banks.