Personal loans are mainly divided into three categories: credit loans, secured loans, and guaranteed loans. Credit loans do not require collateral and are issued based on personal credit records and income conditions, such as bank consumer loans and cash installments of credit cards, suitable for short-term capital turnover and small consumer needs; secured loans require property, vehicles, and other assets as collateral, with high credit limits and long terms, suitable for purchasing a home and large-scale investment; guaranteed loans require the intervention of a third-party guarantor or a guarantee company to reduce bank risk, suitable for people with insufficient credit but reliable guarantors. For example, entrepreneurs can apply for entrepreneurial guarantee loans to enjoy government interest subsidies; homebuyers can achieve their housing needs through housing mortgage loans.