1, credit loans pay attention to the lender's reputation, and mortgage loans only need to provide collateral;

2. Credit loan mainly depends on the income and repayment ability of the loan applicant. The most important thing is that the credit information should be excellent, so when applying for a credit loan, you need to provide personal credit report, bank running water, proof of work income and so on.

3. Credit loan refers to the loan issued by the borrower's credit, and the borrower does not need to provide guarantee. Its characteristic is that the debtor does not need to provide collateral or third-party guarantee, but can get a loan only by his own reputation, and the borrower's credit degree is used as repayment guarantee, so people with poor credit information cannot apply for a credit loan.

Basic conditions for applying for credit loans:

1. China citizens who have a fixed residence in the place where the loan bank is located and have a fixed residence in the local town and have full capacity for civil conduct;

2. Have a good occupation with a just and stable income and the ability to repay the principal and interest of the loan on schedule;

3. There are no illegal acts and bad credit records, and the personal credit report has no overdue records in the past five years;

4. Other requirements stipulated by the bank.

Legal basis: Article 40 of People's Republic of China (PRC) Commercial Bank Law.

Commercial banks may not issue credit loans to related parties; The conditions for granting secured loans to related parties shall not be superior to those for similar loans of other borrowers. The related parties mentioned in the preceding paragraph refer to:

(1) Directors, supervisors, managers, credit business personnel and their near relatives of commercial banks;

(2) Companies, enterprises and other economic organizations in which the personnel listed in the preceding paragraph invest or hold senior management positions.

Article 41

No unit or individual may force commercial banks to issue loans or provide guarantees. Commercial banks have the right to refuse any unit or individual to force them to issue loans or provide guarantees.

Article 42

The borrower shall repay the loan principal and interest on schedule. If the borrower fails to repay the secured loan at maturity, the commercial bank has the right to require the guarantor to repay the principal and interest of the loan or give priority to the repayment of the collateral. Real estate or equity acquired by a commercial bank due to the exercise of mortgage or pledge shall be disposed of within two years from the date of acquisition. If the borrower fails to repay the credit loan at maturity, it shall bear the responsibility in accordance with the contract.