Credit loan knowledge
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Credit loan refers to the loan issued by the borrower’s reputation, and the borrower does not need to provide guarantee. Credit loans are loans issued by banks or other financial institutions to eligible borrowers without providing guarantees.
The characteristic of credit loan is that the borrower can get the loan only by personal credit, and there is no need to provide collateral or third-party guarantee. Usually, banks or financial institutions will evaluate the borrower’s credit status and decide whether to give the loan according to the evaluation results.