First, the subject is different.
The borrower of personal loan is a natural person, and its concept refers to the principal and loans issued by banks or other financial institutions to natural persons who meet the loan conditions for personal consumption, production and operation. The main body of enterprise loans is enterprises registered according to law, and its concept refers to enterprises applying for loans from banks or other financial institutions at prescribed interest rates and deadlines for production and operation needs.
Second, the use is different.
Personal loan application can be used for consumption, house purchase, car purchase, decoration, tourism and so on. The purpose of enterprises applying for loans is very clear and single, mostly for business operation or personal consumption of non-business operators.
Third, the types are different.
Personal loans can be divided into personal housing loans, personal micro-credit loans and personal non-residential mortgage loans according to different purposes and loan methods. Because the purpose of enterprise loans is clear, its classification is mainly based on the different loan methods. There are working capital loans, fixed assets loans, credit loans, secured loans, and so on.
Fourth, the conditions are different.
The requirements for individuals to apply for loans are mostly simple, and they need to provide collateral or personal credit, assets, loan purposes, income sources, etc. Compared with personal loans, commercial loans need more information and stricter conditions. In addition to the business status and credit of the enterprise, it also needs to look at other comprehensive factors such as the industry and industry policy in which the enterprise is located. Moreover, the enterprise loan procedures are complicated and the approval time is long.
Extended data:
What's the difference between banks and loan companies in handling corporate loans?
I. Credit requirements
Credit is the most basic requirement. Both banks and loan companies need borrowers to meet certain conditions before they can apply, otherwise they will directly refuse. The difference is that banks are relatively strict and usually have higher requirements for borrowers in credit evaluation. The loan company can provide different kinds of loans according to the borrowers whose credit meets the requirements, that is, the requirements are relatively low. So people with poor credit are more willing to choose loan companies.
Second, the requirements for income.
Income directly determines whether the borrower has the ability to pay off the loan, which can usually be proved by the operation of wages. Banks are very strict in this respect and need special proof materials to be effective. For those who don't get paid, it's basically impossible to apply. The loan company can decide whether to approve the loan application according to the financial certificate that the borrower can provide. As long as you can prove your repayment ability, you may apply for a loan.
Third, the speed of loan issuance is different.
Because of the complexity of the procedures, the speed of lending is also very different. Because the procedures for bank loans are very complicated, banks have higher requirements for borrowers, and the review time is long, and the lending speed will be very slow. As long as the loan company meets the requirements, the problem is not big, and the loan can be obtained in a few days.
What's the difference between personal loans and corporate loans? Compare it!
Nowadays, many young people give up their steady income and start looking for entrepreneurial opportunities. The most important thing is how to get the first bucket of gold. So should I apply for a personal loan or a company loan first? What's the difference between them? Let's get to know each other.
First, the subject is different.
1. Personal loans are generally principal and loans for personal consumption, production and operation. The amount is relatively low, the application threshold is low, and the interest is higher than that of corporate loans.
2. Enterprise loan refers to an enterprise applying for a loan from a bank or other financial institution at a prescribed interest rate and time limit due to the needs of production and operation.
Second, the use is different.
Personal loan application can be used for consumption, house purchase, car purchase, decoration, tourism and so on.
The purpose of enterprises applying for loans is very clear and single, mostly for business operation or personal consumption of non-business operators.
Third, the types are different.
Personal loans can be divided into personal housing loans, personal automobile consumption loans, personal durable consumer goods loans, personal business loans, personal securities, personal micro-credit loans, personal non-residential mortgage loans and so on.
The types of corporate loans include working capital loans, fixed assets loans, credit loans, secured loans and so on.
Fourth, different responsibilities.
Different from personal loans, if an enterprise can't repay the loan and go through bankruptcy procedures, it needs an enterprise legal person to take part of the responsibility instead of the enterprise.
To sum up, if you plan to finance, you can consider personal loans first, and it is easier to apply for corporate loans when the enterprise is bigger.
Understand the difference between personal loans and corporate loans.
Life will inevitably encounter difficulties. Of course, our boss friends will inevitably meet in the course of business operation, at least they can borrow from relatives and friends. But now many people are reluctant to borrow from relatives and friends. For one thing, they have no face; for another, they owe you a favor; for another, they will definitely lend it to you. So at this time, applying for a loan from a bank is the best financing method. However, in the process of borrowing money, many people are confused about the difference between personal loans and corporate loans. Look down with me.
I. Different applicants
It is well understood that the borrower of personal loans is an individual, while the subject of corporate loans is a legally registered enterprise. Their loans refer to loans issued by banks or other financial institutions to eligible applicants for personal consumption or production and operation, and the borrowers repay the principal and interest according to the agreed loan interest rate and loan term.
Second, the application uses are different.
Personal loan application can be used for personal consumption, such as buying a house and car, decoration, travel, medical care, etc. And corporate loans are different. In principle, enterprise loans can only be used for enterprise production and operation, not for personal consumption.
Third, the application conditions are different.
The requirements for individuals to apply for loans are mostly simple, and they need to provide collateral or personal credit, assets, loan purposes, income sources, etc. It should be noted that although personal loans have simple procedures and quick approval, they are generally small in amount, high in interest and short in term.
Compared with personal loans, commercial loans need more information and stricter conditions. In addition to the business status and credit of the enterprise, it also needs to look at other comprehensive factors such as the industry and industry policy in which the enterprise is located.
Moreover, the enterprise loan procedures are complicated and the approval time is long. However, once an enterprise loan is applied, it usually has a large amount, low interest and long term.
Fourth, different responsibilities.
Banks or other financial institutions will consider the treatment of non-repayment of loans when issuing loans. If the enterprise can't repay the loan and go through bankruptcy procedures, it needs an enterprise legal person to take part of the responsibility instead of the enterprise.
Therefore, dear business owners and friends, enterprise loan applications are strictly examined and approved, and the loan purposes must be earmarked. Never apply for loans for personal consumption in the name of corporate loans, otherwise banks or lending financial institutions have the right to recover the loans already issued, list you as a risk user or even blacklist you, and you will not be able to apply for loans.
What are the main differences between personal loans and corporate loans in commercial bank loans?
1, different loan entities. The subject of personal loan is a natural person, and the loan bears unlimited liability; The main body of corporate loans is corporate enterprises, which bear limited liability and unlimited liability for loans.
2. Loans have different uses. Personal loans can be used for business or personal consumption; Moreover, loans can only be used for the construction of fixed assets or to supplement working capital.
3. The longest loan period is different. The mortgage period of personal loans can be 30 years or even longer, while the longest in the actual operation of corporate loans is only 15 years.
4. Bank approval paths are different. Personal loan approval path is relatively short, and the approval procedure is simple; However, the enterprise loan approval path is long and the approval procedure is complicated.
Whether it is a personal loan or a business loan, it is difficult to get a loan without a mortgage. This point is not easy to control. Banks can accept certificates of deposit, accounts receivable, checks, drafts, warehouse receipts and other pledges.
Ways for individuals to apply for loans
The first type: Generally speaking, there are two types of personal loans. If the borrower doesn't have a formal job and wants to apply for a loan, he needs to borrow in the name of relatives and friends, because he can't apply for a loan because he has no working ability. Of course, if the borrower owns a house or a car, he can apply for a mortgage loan.
Second, if the borrower has a stable working income, he can apply for an unsecured loan, which is the borrower's credit loan. If he wants to apply for a loan successfully, he needs the borrower's personal credit record to be spotless and have a stable income.
Ways for enterprises to apply for loans
Enterprises want to apply for loans in different ways from personal loans, so we should write down the basic situation of enterprises, and the content must be detailed. Among them, to focus on the preparation of enterprise income and fixed assets investment projects, it is also necessary to prepare basic information of enterprise legal persons.
It is a very troublesome thing for enterprises to apply for loans. When applying for a loan, you should also explain the amount and purpose of the loan. Generally, the loan amount of enterprises is huge, so it is necessary to prepare real information for the loan company. Only in this way can we successfully apply for loans.
The above is Bian Xiao's explanation of "the difference between personal loans and corporate loans". Here Bian Xiao tells you that there is a problem between corporate loans and personal loans that may be easily misunderstood by everyone, that is, corporate loans, and people often misunderstand corporate loans and corporate loans. Corporate loan means that this person is the representative of the corporate bill holder and can exercise the loan authority of the legal representative. Company loans are in the name of the company with the consent of the legal representative, and personal loans are in the form of assets in their own names.
Legal basis:
Article 11 of the General Principles of Loans in People's Republic of China (PRC), the loan term: The loan term shall be determined by both the borrower and the lender through consultation according to the borrower's production and operation cycle, repayment ability and the lender's capital supply ability, and shall be specified in the loan contract. Generally, the term of self-operated loans shall not exceed 65,438+00 years, and those exceeding 65,438+00 years shall be reported to the People's Bank of China for the record. The longest discount period of bill discount shall not exceed 6 months, from the discount date to the maturity date of the bill.