What is the difference between bank credit loan and financial mortgage loan?
1, credit line
Generally speaking, the maximum amount of a single bank credit loan is 200,000 yuan, and if there are special circumstances, the maximum amount is 6,543.8+0,000 yuan. In the financial mortgage loan, the maximum credit line of the loan can often reach100000 yuan. If the collateral is particularly valuable, there is not even a ceiling.
2. Loan interest rate
Bank credit loans mainly rely on the borrower's personal credit, so the loan interest rate will be higher. Usually it will rise by 20% on the basis of the benchmark interest rate of bank loans. The interest rate of financial mortgage loans is usually low, such as mortgage loans, and the loan interest rate generally fluctuates around the benchmark loan interest rate 10%.
3. Loan speed
Generally speaking, bank credit loans are issued very quickly, especially revolving loans, which basically arrive on the same day. But financial mortgage loans are mainly divided into car loans and mortgage loans. Car loans can generally be completed in about 3 days, and mortgage loans will take two or three days at the earliest. Generally speaking, a month or two is normal.
4. Loan information
There is not much information to be submitted for credit loans, which is basically the basic information and identity information of some borrowers. Moreover, mortgage loans need all kinds of materials of collateral, and also need to go through mortgage, settlement and other related procedures.
5. Personal credit information
Generally speaking, the credit requirements of credit loans will be higher than those of mortgage loans. Credit loans cannot be overdue at present, and the number of inquiries is strictly limited.
The above is the sharing of "the difference between bank credit loans and financial mortgage loans". I hope it will help everyone!