Bank loans are an economic act whereby the bank lends funds to those in need at a certain rate of interest in accordance with the State policy, with an agreed period of return. What are the types of bank loans

Bank loans can be divided into seven types of loans: credit loans, mortgages, mortgages, mortgages, public funds, mortgages, guarantees and special loans。

Bank loans vary according to different classification criteria:

1. Short-term loans, medium-term loans and long-term loans, depending on the repayment period

2. Depending on the manner of repayment, it may be divided into current loans, term loans and overdrafts

3. Business loans, agricultural loans, consumer loans, securities brokers ' loans, etc., may be classified according to the purpose or object of the loan

4. Different from the terms of the loan guarantee, it may be divided into paper discount loans, mortgages, commodity mortgages, credit loans, etc.

5. Depending on the size of the loan, it can be divided into wholesale and retail loans

6. Different approaches are agreed at interest rates, which can be divided into fixed-interest loans and floating-interest loans, etc。