There are more and more credit products in life, we can often hear the vocabulary of consumer loans and business loans, and friends who have used these two types of loans understand, but there are still some friends who have not been in contact with each other and do not know the difference between the two types of loans, let's take a look.
What is the difference between a business loan and a consumer loan?
There are many types of home mortgage loans, which can be simply divided into personal mortgage consumer loans and corporate mortgage business loans, and lending institutions are divided into banking institutions and non-bank institutions.
Personal Mortgage Consumer Loan: A personal mortgage consumer loan refers to the applicant's application for a loan from a bank with his or her own house property rights as collateral, and the purpose of the loan funds is for personal consumption.
Company mortgage business loan: The company's mortgage business loan is mainly used for the company's business purposes, and there is not much restriction on the loan amount, mainly referring to the company's bank statement, which generally requires that the flow can cover twice the loan amount.
Criteria for the entry of real estate mortgage business loans
1. The establishment time and acquisition time of the enterprise need to be more than 6 months, and there must be a certain certificate of public flow and tax payment.
2. The real estate must be a real estate that can be listed and traded, such as residences, apartments, factories, etc., and there must be a big red book.
3. It can provide 1 year of business flow and historical current contracts, and the total amount can cover more than 2 times of the loan amount.
4. The credit of the enterprise and the borrower are good, and there can be no legal proceedings and administrative penalties, abnormal addresses, etc.
5. Liabilities: The comprehensive debt ratio shall not exceed 70%, and the comprehensive liabilities of small and micro enterprises shall not exceed 40 million (stipulated by some banks).
6. The enterprise applying for the business loan has a fixed office space.
7. For the new transfer of real estate, it must be 6 months before you can apply, and you need to provide a sales contract.
Only if the above 7 points are met can you apply for a real estate mortgage loan, and the borrower's husband and wife need to come forward in the process.
The main differences between consumer loans and business loans are as follows:
(1) The subject of the loan is different:Business Loan:The loan targets are generally enterprises, corporate legal persons and individual industrial and commercial households. Consumer Loans:Loans issued to all stages of society can be applied for as long as the loan meets the loan requirements.
(2) Different purposes of the loan:Business Loan:The funds are mainly used for legal production and business activities and the working capital turnover required by the enterprise, such as purchasing or updating equipment, paying the rent of the business site, decorating the business premises, etc., and cannot be used for non-business fields such as house purchase, tourism, investment and financial management. Consumer Loans:Funds can be used for personal consumption such as shopping, tourism, home improvement, education and training, and car purchases, and cannot be used for prohibited fields such as real estate, investment and financial management, production and operation.
(3) The loan amount is differentBusiness Loan:The existence of business loans is to solve the financial problems of enterprise users, so its amount is relatively high, especially in the form of mortgages, the amount will be higher. Of course, the specific amount of business loan is related to the operation of the enterprise. For enterprises with good operating conditions, they are generally more favored by institutions, so the amount of loans is generally higher. Consumer Loans:At present, most online loan platforms are issuing consumer credit loans, with a maximum of 200,000 or 300,000 yuan. Mortgage up to 5 million consumer loans. However, the bank's consumer loan limit will be higher, but relatively speaking, the threshold for borrowing will also be relatively high.
(4) The application conditions are different:Business Loan:In addition to reviewing the qualifications of the loan, the business loan also needs to review the credit status of the enterprise, and must also stipulate that there must be a fixed place of business, and there are also certain requirements for the operating time and tax records of the enterprise. Consumer Loans:It mainly examines the qualifications of the borrower, as long as the borrower is age-appropriate, has good credit and has a stable income, the loan can generally be granted. That's it".What is the difference between a business loan and a consumption? I hope it will be helpful to you.
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A small summary.
In addition, in terms of loan interest rates, which everyone is most concerned about, the minimum interest rate of personal business loans is much lower than the interest rate of personal consumption loans, and the interest rate of personal consumption loans is about 10% above the benchmark and about 30% at the highest.
However, there are a few points to note: whether it is a personal loan or a business loan, the collateral will increase the loan amount (such as real estate, car, etc.).
Secondly, personal credit and income are also a condition that the bank attaches great importance to, if your current income bank thinks that there is no guarantee of repayment ability, then it is difficult to get a loan, especially a large amount of money is basically impossible to borrow.
Personal business loans, to put it bluntly, are used for business turnover, and generally the loan amount is more than 300,000 yuan is an operating loan, so when your loan amount is greater than 300,000 yuan, you must provide a business license, purchase and sale contract, and prove that the loan is used for business turnover.
Consumer loans, to put it bluntly, are personal consumption loans, which are used for daily consumption, travel, decoration, study abroad, etc., and the amount of personal consumption loans is not more than 300,000, and the interest will be relatively higher than the interest of operating loans.
However, if it is a provident fund consumer loan, the interest rate is relatively low, because both banks and lending institutions prefer this kind of customer, the income is stable, and there is basically no overdue, so the interest is relatively low.