According to Baiqu Finance, white-collar loans are short-term credit loans for urban groups with high education and stable income. Borrowers are usually required to have a good credit record and a stable source of income before they can obtain loans after examination. The application and approval process of white-collar loans follows relevant laws and regulations, and the lending institution will evaluate the borrower's credit and repayment ability to ensure that the borrower has the ability to repay on time. So white-collar loans are formal loans.