Secured loan
Guaranteed loan refers to a loan issued by a third party who promises to bear joint and several liabilities according to the agreement when the borrower cannot repay the loan. The advantage of secured loans is that the procedures are relatively simple, and generally there is no need to go through relevant registration and evaluation procedures. The disadvantage of secured loans is that the threshold is too high.
Mortgage loan/securities loan
Mortgage loan refers to a loan issued with the property of the borrower or a third party as collateral. The advantages of mortgage loan are high loan amount, long term and low interest rate. The disadvantage of mortgage loan is that the lending speed is slow and the handling process is complicated.
Refers to the loan issued with the movable property or rights of the borrower or a third party as the pledge. The advantage is that it is easy to pass the loan review and the loan interest rate is relatively low. The disadvantage of mortgage loan is that the borrower will temporarily lose the right to use the collateral.
2. What's the difference between banks and loan companies in handling mortgage loans? Which is better?
What is the difference between banks and loan companies in handling mortgage loans? Which is better? Among many types of loans, mortgage is almost the most common one. General banks and loan companies are common financial institutions that can handle mortgage loans. Many friends will be very entangled when choosing a financial institution to handle loans. I don't know which to choose. Let me briefly analyze the difference between the two for you. Let's get to know it and make a choice!
What is the difference between banks and loan companies in handling mortgage loans?
First, the loan approval and lending speed. This must be everyone's biggest concern. After the loan, everyone is looking forward to getting the money early. I believe that anyone who has experienced the speed of bank lending will understand. Generally, the actions of banks are strict, and the review of materials will be strict. Lending usually takes about 15 days, and it may be longer in special circumstances. The lending speed of the loan company depends on the speed at which the applicant prepares the materials. After approval, the loan is generally released within one week. If you have requirements for the next paragraph, you can choose the one that suits you.
Second, the loan interest rate. Under normal circumstances, the interest rate of bank loans will be lower than that of loan companies, which is one of the reasons why many people want to apply for bank loans. But there are special circumstances, as long as you know in advance.
Third, the loan threshold. The loan threshold of general banks will be higher than that of loan companies. Banks consider not only the mobility of the house, but also the personal qualifications of the applicant, which generally requires higher requirements. The entry threshold for loan companies is relatively low. As long as the mortgaged house is capable of listing and trading, the approval can basically be passed. In this regard, loan companies do provide a lot of convenience for many friends with low thresholds. You can refer to your own loan advantages and understand your actual situation to choose the right lending institution.
Fourth, the purpose of the loan. In this regard, the bank has clear regulations that the lender's loan use must be within this scope. If the use does not meet this prescribed scope, the bank has the right to refuse it. In this regard, the scope of loan companies will be broader, but it should also be within a reasonable range and need to be understood in advance.
What is the difference between banks and loan companies in handling mortgage loans? Which is better? Low interest rates of banks require high interest rates, while low interest rates of lending companies require high interest rates. There is no better bank loan and small loan company, only one is more suitable. Bank loans are highly secure. If you consider long-term loans, try to choose banks. If the conditions can't meet the requirements of the bank, you can find a formal loan company, which takes a long time to set up.
3. What are the advantages of guarantee company loans over direct bank loans?
Bank loans are authentic and will not be cheated. Interest rates are stipulated and will not be chaotic. Some guarantee companies' loans are not authentic and gullible, and the interest rate is negotiated, which is generally much higher than that of banks.
Four, how to borrow money from the bank through the loan guarantee company?
The guarantee company will conduct an audit according to the relevant qualification certificates, and then submit the audited materials to the guarantee company to collect the corresponding service fees.
Simply put, loan guarantee mainly provides guarantee for small and medium-sized enterprises. 1. Guarantor or guarantee company that needs to be guaranteed when lending. However, in the following cases: 1, when the borrower lacks collateral or the value of collateral is insufficient. If the borrower wants an evaluation value of only 800,000 yuan, for example, the bank requires the borrower to issue it; 3, the borrower's qualification is not good enough, for example, in the borrower's credit record, once it was expected. Considering the risk, the bank will ask the borrower to find a guarantee company to guarantee and transfer the risk. Second, through the guarantee company. Because there is a guarantee company, the loan risk borne by the bank is much lower, so the lender with faster loan speed directly applies for a loan from the bank. In order to ensure the smooth recovery of loans, banks will generally consider the actual situation of borrowers. If you find a guarantee company to guarantee, you can greatly increase the loan amount. 3. The threshold is low and incomplete, which does not meet the requirements of lending institutions, and it is difficult to get loans. At this time, if there is a guarantee company, things will become very smooth.