What is the difference between a bank and a small loan company?

1, the loan threshold is different, the bank's loan threshold is high, and the small loan company's loan threshold is low.

2, the loan interest rate is different, the bank's loan interest rate is low, and the small loan company's loan interest rate is high.

3. The lending time is different, the bank lending time is slower, and the small loan company lending time is faster.

4. The loan procedures are different. The loan procedures of banks are more complicated, while those of small loan companies are simpler.

5, the same personal qualifications, different loan quotas, usually the loan quotas that banks can apply for are low, and the loan quotas that small loan companies can apply for are high.