Non-governmental lending organizations must operate cautiously and clearly understand the loan contract.
1 Formal loan companies can be roughly divided into two categories. One kind needs guarantee or collateral, usually houses, cars, machinery and equipment, and some choose units or individuals to do joint guarantee;
The other is unsecured and unsecured, that is, credit loans, which are mainly aimed at the credit records of individuals and enterprises. Because this kind of loan is risky, the interest is generally higher than that of banks.