Purpose of loan: mortgage loan is mainly used for buying houses, and the loan amount is paid directly to the developer or seller for special purposes. Mortgage loans are mainly used for commercial, consumer and other non-housing purposes, and the loan amount is freely controlled by the borrower.

Materials required for loans: mortgage loans need to provide purchase contracts, down payment certificates and other purchase-related materials. Mortgage loans need to provide enterprise-related materials, upstream and downstream contracts, tripartite contracts and other loan-related materials.

Policy restrictions: Mortgage is not only affected by the bank loan policy interest rate, but also by the property market loan restriction and purchase restriction policy. Mortgage loan is only affected by bank loan policy.

Term of the loan: the longest term of the mortgage loan is 30 years, and the term of the mortgage loan generally does not exceed 10 years.

Loan cost: In general, the interest rate of mortgage loan is lower than that of mortgage loan. But now there is a situation that the mortgage interest rate is lower than the mortgage interest rate.

Generally speaking, mortgage and pledge are common financing methods, which are different in loan purposes, required information, policy restrictions, loan term, loan cost and so on. When choosing a financing method, we should choose a financing method that suits us according to our own needs and actual situation.