Although the loan can solve the borrower's financial difficulties well, it is not easy to get the loan smoothly. Applicants need to have a good understanding of the loan if they want to succeed in the loan. So, what's the difference between a joint loan and a syndicated loan?

The differences between syndicated loans and syndicated loans are as follows:

1 The loan review is different.

In the joint loan, each bank needs to collect data separately and conduct multiple audits before lending. Syndicated loans are based on information provided by major users.

2 Different loan terms

Applicants need to negotiate with banks when applying for syndicated loans, and only need to meet the loan conditions given by the lending bank of the head office when applying for syndicated loans.

Three different loan methods

Joint loans take the form of separate loans and derivative deposits, while syndicated loans are uniformly distributed with agent banks according to the agreed proportion.

The above is all about the difference between joint loan and syndicated loan in this paper, as well as the three major differences, hoping to help everyone. It should be noted that the joint loan aggregates the strength of all parties and provides a bridge for the interconnection of superior resources. Moreover, joint loan is also a kind of syndicated loan.