The main difference: 1, which varies from person to person: compared with banks, small loan companies are more convenient and quick, and are suitable for the capital needs of small and medium-sized enterprises and individual industrial and commercial households. 2. The difference of liquidated damages: customers of microfinance companies can repay or refinance loans conveniently within a predetermined limit without paying liquidated damages! This is the best choice for customers who often need extra cash and customers who need flexible repayment and cash withdrawal at any time. Bank overdue payment penalty refers to the penalty agreed by both parties to pay to the other party when one party fails to fulfill its payment obligations on time. 3. Different loan interest rates: the benchmark of loan interest rates of microfinance companies is determined independently according to market principles; Upper limit-let go, but not more than 4 times the bank loan interest rate in the same period; Lower limit-0.9 times the benchmark loan interest rate announced by the People's Bank of China.

In China, housing loans are generally issued by banks. Australia's financial markets are very different. In addition to banks, there are many other financial institutions in Australia, that is, non-banklender, who have the authority to issue loans. The sources of funds for these institutions are not banks or savings, but funds raised through funds and trusts, such as pensions. China customers tend to choose banks, while a considerable number of Australians have strong resistance to banks. For lenders, more attention should be paid to products rather than institutions. The key is which financial product is more suitable for your own needs, not which institution is more famous.