{"id":9843,"date":"2021-04-20T14:34:32","date_gmt":"2021-04-20T14:34:32","guid":{"rendered":"https:\/\/bitsacard.com\/blog\/difference-between-credit-and-loan\/"},"modified":"2025-10-07T17:46:53","modified_gmt":"2025-10-07T17:46:53","slug":"difference-between-credit-and-loan","status":"publish","type":"post","link":"https:\/\/bitsacard.com\/blog\/en\/difference-between-credit-and-loan","title":{"rendered":"Difference between credit and loan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9843\" class=\"elementor elementor-9843 elementor-9585\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9190b49 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"9190b49\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-de34e7b\" data-id=\"de34e7b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1979a8a elementor-widget elementor-widget-text-editor\" data-id=\"1979a8a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When it comes to finance, it is very easy to get it wrong and confuse concepts like those of <\/span><b>credit and loan<\/b><span style=\"font-weight: 400;\">. That&#8217;s why today we want to clarify your doubts, explaining to you <\/span><b>what is a credit, what is a loan and how do they differ<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-73e1c96 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"73e1c96\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ec76310\" data-id=\"ec76310\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef0714e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ef0714e\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f93c9bf elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"f93c9bf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-03a2862\" data-id=\"03a2862\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d3fe9c elementor-widget elementor-widget-text-editor\" data-id=\"1d3fe9c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 style=\"text-align: center;\"><strong>WHAT IS A CREDIT?<\/strong><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ed2578a elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"ed2578a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b8dfae3\" data-id=\"b8dfae3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a471fbe elementor-widget elementor-widget-text-editor\" data-id=\"a471fbe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A credit is a form of financing that allows us to access a loaned amount of money at any time, according to our needs. What characterizes the credit is that it establishes a maximum limit of money on loan and the customer can use it in whole or in part.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most common example of credit is the <\/span><b>credit card<\/b><span style=\"font-weight: 400;\"> which is characterized by having a specific credit limit that the borrower can use to make purchases, with the promise to pay monthly the balance spent to continue using it.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1f31400 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"1f31400\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e8e642a\" data-id=\"e8e642a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fdc9521 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"fdc9521\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-88eb393 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"88eb393\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9eedd9d\" data-id=\"9eedd9d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c1b4c9a elementor-widget elementor-widget-heading\" data-id=\"c1b4c9a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">WHAT IS A LOAN?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-02d4dc0 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"02d4dc0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-db7e689\" data-id=\"db7e689\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dc96d00 elementor-widget elementor-widget-text-editor\" data-id=\"dc96d00\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Instead, a loan is <\/span><b>an agreement between two parties<\/b><span style=\"font-weight: 400;\">: a<\/span><b> lender<\/b><span style=\"font-weight: 400;\"> (a bank, or any financial institution) <\/span><b>who lends an amount of money to<\/b> <b>a borrower<\/b><span style=\"font-weight: 400;\"> (customer or beneficiary) who obtains the loan and undertakes to repay it within a set term, generally against payment of interest.<\/span><\/p>\n<p><b>Loans generally have 4 main characteristics<\/b><span style=\"font-weight: 400;\">: principal, interest, term and amount of the payment.\u00a0<\/span><\/p>\n<p><b>Base capital<\/b><span style=\"font-weight: 400;\">: refers to the amount of money that the borrower borrows from a lender.\u00a0<\/span><\/p>\n<p><b>Interest<\/b><span style=\"font-weight: 400;\">: refers to the interest a borrower has to pay when taking out a loan, i.e. the amount of money he has to pay back, in addition to the principal borrowed. The interest rate is determined based on several factors such as: credit score, loan rate, how long it takes to pay the loan.\u00a0<\/span><\/p>\n<p><b>Canon: <\/b><span style=\"font-weight: 400;\">are the payments that the borrower must make to repay the loan.<\/span><\/p>\n<p><b>Maturity<\/b><span style=\"font-weight: 400;\">: the maturity of the loan is the amount of time the lender has to pay off the loan in its entirety.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Understanding each of these points will help you decide if a loan is right for your needs.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center;\"><strong><br \/>Types of Loans<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><br \/>Loans are divided into <\/span><b>two broad categories<\/b><span style=\"font-weight: 400;\">: secured loans and unsecured loans.<\/span><\/p>\n<h4><b>Secured Loans<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In this type of loan, <\/span><b> the lender uses a physical asset<\/b> <b>(house, car) to insure his money<\/b><span style=\"font-weight: 400;\"> if the borrower is unable to pay the loan as agreed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Secured loans <\/span><b>generally have lower interest rates<\/b><span style=\"font-weight: 400;\"> than unsecured loans.<\/span><\/p>\n<h4><b>Unsecured Loans<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In case of unsecured loans, <\/span><b>the lender bases its interest rate solely on the borrower&#8217;s credit rating and credit history<\/b><span style=\"font-weight: 400;\">. If the lender does not repay the agreed loan, the lender cannot seize any of his assets, but he can report the default to the credit bureaus, which will compromise his credit rating and his ability to obtain another loan in the future..\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why unsecured loans <\/span><b>usually have higher interest rates<\/b><span style=\"font-weight: 400;\"> than secured loans.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Examples: A student loan for education, a payroll loan, or a personal loan.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8498030 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"8498030\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b13585d\" data-id=\"b13585d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eff765b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"eff765b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a186aff elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"a186aff\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a249715\" data-id=\"a249715\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2a89abb elementor-widget elementor-widget-heading\" data-id=\"2a89abb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Difference between credit and loan<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-36214ab elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"36214ab\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-70f4868\" data-id=\"70f4868\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c0326b0 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"c0326b0\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-adef043 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"adef043\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e3f304\" data-id=\"4e3f304\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce4b5a5 elementor-widget elementor-widget-image\" data-id=\"ce4b5a5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"707\" src=\"https:\/\/bitsacard.com\/blog\/wp-content\/uploads\/2021\/04\/Cua\u0301l-es-la-diferencia-entre-cre\u0301dito-y-pre\u0301stamo-1024x707.jpg\" class=\"attachment-large size-large wp-image-9591\" alt=\"tipos de pre\u00e9stamos\" srcset=\"https:\/\/bitsacard.com\/blog\/wp-content\/uploads\/2021\/04\/Cua\u0301l-es-la-diferencia-entre-cre\u0301dito-y-pre\u0301stamo-1024x707.jpg 1024w, https:\/\/bitsacard.com\/blog\/wp-content\/uploads\/2021\/04\/Cua\u0301l-es-la-diferencia-entre-cre\u0301dito-y-pre\u0301stamo-300x207.jpg 300w, https:\/\/bitsacard.com\/blog\/wp-content\/uploads\/2021\/04\/Cua\u0301l-es-la-diferencia-entre-cre\u0301dito-y-pre\u0301stamo-768x530.jpg 768w, https:\/\/bitsacard.com\/blog\/wp-content\/uploads\/2021\/04\/Cua\u0301l-es-la-diferencia-entre-cre\u0301dito-y-pre\u0301stamo-1536x1060.jpg 1536w, https:\/\/bitsacard.com\/blog\/wp-content\/uploads\/2021\/04\/Cua\u0301l-es-la-diferencia-entre-cre\u0301dito-y-pre\u0301stamo-700x483.jpg 700w, https:\/\/bitsacard.com\/blog\/wp-content\/uploads\/2021\/04\/Cua\u0301l-es-la-diferencia-entre-cre\u0301dito-y-pre\u0301stamo.jpg 1560w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5571d1b elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"5571d1b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-29df32a\" data-id=\"29df32a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8c9f51e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"8c9f51e\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f3c53d elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"4f3c53d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-81e63a8\" data-id=\"81e63a8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d48f56 elementor-widget elementor-widget-text-editor\" data-id=\"7d48f56\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Now that you know the main features of Credit and Loan, you just have to know the <\/span><b>differences<\/b> <b>between loan and credit <\/b><span style=\"font-weight: 400;\">most significant.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The most obvious difference is that the interests of the <\/span><b>credits are generally higher than those of a loan<\/b><span style=\"font-weight: 400;\">. In fact <\/span><b>loan<\/b> <b>it is usually used to gain access to large amounts of money<\/b><span style=\"font-weight: 400;\"> (such as to finance the purchase of a house, a car or a project we are undertaking). This makes the interest total higher.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Credit is generally renewed annually<\/b><span style=\"font-weight: 400;\"> so that the customer can continue to use it while the loan is used <\/span><span style=\"font-weight: 400;\">to finance expenses with a longer maturity and <\/span><span style=\"font-weight: 400;\">provides for repayment dates. The customer has a total amount from the beginning of the agreement until its end<\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest on the credit is paid only on the amount used<\/b><span style=\"font-weight: 400;\">. In the case of a loan, interest is paid on the total amount lent.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The usual ways of <\/span><b>obtaining financing through a credit are credit cards<\/b><span style=\"font-weight: 400;\">, credit lines, generally managed through a current account.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These are the main differences between credit and loan. <\/span><b>If you decide to take out a loan<\/b><span style=\"font-weight: 400;\"> for educational purposes or to buy a house or to finance a long term project, you don&#8217;t have to worry. We only advise you, before applying for a long-term loan, to <\/span><b>make sure that you can pay all the monthly installments<\/b><span style=\"font-weight: 400;\">, even in the event of a lack of liquidity to meet a debt (loss of work, unexpected purchases that leave your account in red).<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0f98e7e elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"0f98e7e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3549608\" data-id=\"3549608\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-384e280 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"384e280\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cf9c738 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"cf9c738\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7883371\" data-id=\"7883371\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-67e291a elementor-widget elementor-widget-text-editor\" data-id=\"67e291a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If, on the other hand, you prefer to ask for credit to finance your monthly purchases, then <\/span><b>the best solution is to ask for a credit card<\/b><span style=\"font-weight: 400;\"> because, even if you have to pay back the amount you spend monthly, it will give you greater control of your movements and will allow you to pay your bills when necessary. And of course, this is only achieved if you learn how to use a credit card wisely. For this, don&#8217;t miss our post on <\/span><a href=\"https:\/\/bitsacard.com\/blog\/en\/how-to-use-your-credit-card-5-tips\"><b>How to use your credit card? 5 tips<\/b><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b85d2bc elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"b85d2bc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9a55dac\" data-id=\"9a55dac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25a1980 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"25a1980\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>When it comes to finance, it is very easy to get it wrong and confuse concepts like those of credit and loan. That&#8217;s why today we want to clarify your doubts, explaining to you what is a credit, what is a loan and how do they differ. WHAT IS A&#8230;<\/p>\n","protected":false},"author":22,"featured_media":9587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[264],"tags":[],"class_list":["post-9843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-en"],"_links":{"self":[{"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/posts\/9843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=9843"}],"version-history":[{"count":6,"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/posts\/9843\/revisions"}],"predecessor-version":[{"id":16167,"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/posts\/9843\/revisions\/16167"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/media\/9587"}],"wp:attachment":[{"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=9843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=9843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitsacard.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=9843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}