What is a personal pledge loan? It refers to a loan that is pledged by a legal and effective pledge that meets the requirements of the bank and asks the bank for the amount. Many people are familiar with mortgage loans, especially housing mortgage loans, but they may not know much about pledge loans, and even confuse personal mortgage loans with pledge loans. Next, I will talk about the difference between pledge loan and mortgage loan.

Introduction of mortgage loan and pledge loan

1. Personal mortgage loan is a kind of personal loan of commercial banks. Refers to the loan provided by the loan bank to the individual with the property provided by the borrower or others, recognized by the loan bank and meeting the specified requirements as collateral;

2. Pledged loan refers to the loan obtained by applying to the bank with legal and effective collateral that meets the requirements of the bank. Pledges that can be used to pledge loans include checks, promissory notes, bills of exchange, bonds and certificates of deposit, warehouses and bills of lading, transferable fund shares and equity, accounts receivable and other property rights that can be pledged according to laws and regulations.

The above is the content of personal pledge loan that I have compiled for you. I hope it will help you.