1, term.

From the definitions of short-term loans and medium-and long-term loans, we can see that the loan periods of the two loans are different. The term of short-term loans shall not exceed one year (including one year), and the term of medium-and long-term loans shall be more than one year and less than five years.

2. Flexibility

Short-term loans are more flexible than medium-and long-term loans, and the total amount of loans can be adjusted in time according to needs. However, medium and long-term loans are not.

3. Risk.

Due to the short term of short-term loans and strict examination of loan targets, the risks required for short-term loans are relatively low. But medium and long-term loans are different. Medium-and long-term loans can last up to five years. There are too many changes during this period, and the risks that lending institutions have to bear are naturally much greater.

4. Interest rate.

Generally speaking, the interest rate of short-term loans is lower than that of medium-and long-term loans. Because the short-term loan time is shorter, the lending institution can withdraw funds faster, so the loan interest rate is lower. However, medium-and long-term loans have a longer loan period, greater risks and higher interest rates.