The interest on the loan is a little higher than that on the mortgage. Mortgage loan means that the borrower borrows money from the bank for consumption or other commercial purposes with the purchased house as collateral. And mortgage loans can only be applied for when buying a house. When a borrower applies for a loan, he must provide relevant documents such as house ownership certificate and land use right, and then use the documents to handle other property rights certificates. Eligible borrowers can apply for housing mortgage loans only after passing the examination. So you can only apply for a loan if you get all the warrants. You don't need to obtain certificates such as house property right certificate, you just need to bring the required information such as the house purchase contract, and then apply for another property right certificate as mortgage guarantee, so you can apply for mortgage. Mortgage in the traditional sense means that the buyer obtains a loan from the bank with the purchased property as collateral, and the buyer pays the bank in installments according to the repayment method and time limit agreed in the mortgage contract, and the bank charges interest at a certain interest rate. If the lender defaults, the bank has the right to take away the house. In other words, property buyers do not really have the right to buy a house before paying off the loan. If the repayment is not made on time, the bank can handle it according to law.

1.The word "Mortgage" is a Cantonese transliteration of the English word "mortgage", pronounced as à n Ji. It refers to a loan method of buying a house or shopping by borrowing money from a bank as collateral and then repaying it in installments. It is a kind of housing guarantee loan, which refers to the personal housing loan provided by the real estate development enterprise that buys the house with the purchased house as collateral. It means that the mortgagor transfers the pre-purchased property rights to the mortgage beneficiary (bank) as a repayment guarantee, and after repayment, the mortgage beneficiary transfers the property rights to the mortgagor.

2. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.