Although Xiang Xing loan is an implicit credit line, it is actually a consumer loan of a bank, but it is only a credit card in name.

Personal consumption includes household appliances consumption, family consumption, medical consumption, car purchase consumption, wedding consumption, student consumption, tourism consumption and other purposes. When handling a loan, you must choose the appropriate use of funds according to your own needs and keep it in mind.

According to the regulations, the funds of such consumer loans must be used for personal consumption, and shall not be used for non-consumer areas such as house purchase, stock, futures and other equity investments.

When making a loan, you should provide consumption vouchers for the use of funds:

After using the loan funds for consumption, it is necessary to keep the consumption vouchers related to the funds, and Industrial Bank will access the consumption vouchers at any time to check whether the cardholders have used the funds for consumption purposes as agreed. Once the short message sent by Industrial Bank is received, the cardholder needs to send the voucher to the designated channel of the bank within the time specified in the short message.

The consumption vouchers of Xiang Xing loan include but are not limited to invoices, receipts, receipts, etc. However, the payment details require information such as merchants and commodities clearly stated for consumption purposes, such as paper purchase orders, WeChat payment or Alipay payment.