Consumer loan is a kind of pure credit loan, which does not need mortgage guarantee and is simple to handle. It can help people solve the daily cash flow problem. Mainly refers to personal consumption loans other than mortgage and car loans, which are divided into cash loans and consumption stages.

According to the types of financial institutions, consumer loans can be roughly divided into bank consumer loans, Internet financial platform consumer loans and other non-bank financial institutions consumer loans.

1. The use of consumer loans by banks is as follows:

The purpose of personal consumption loans is clearly defined by banks. Generally speaking, it can be used for tourism, housing, wedding, education, car purchase, furniture and household appliances purchase, general student loans, house decoration and so on. But it can't be used to buy a house, invest, stock market and so on.

If buying household appliances, the bank is required to provide the dealer's phone number and bank account number of the purchased household appliances, and the bank will directly transfer the applied loan to the dealer's account. Although you can also apply for loans to personal accounts, banks will also require applicants to provide proof of use, such as purchase invoices.

Personal consumption loans can't be spent casually. If an individual is found to be fraudulent in the process of applying for a loan, it will be regarded as a bad credit record. Not only can you not apply for personal consumption loans, but you can't apply for other loans in the future.

2. How do banks check the use of consumer loans?

Personal consumption loans exceeding 300,000 yuan need to be repaid by entrustment, that is, the bank will remit the money directly to the merchant according to the contract of your consumption. Those below 300,000 yuan can be paid in cash to the borrower's account for free consumption. However, some time ago, 1 home network ran away, and many customers who applied for consumer loans in banks in Nanjing collected the money paid to 1 home network according to the requirements of banks. Entrusted payment is no longer mandatory at present.

The banking system will automatically check the use of consumer loans, mainly to track the transfer direction of issued funds. For direct transfer to the developer's account and bank-securities transfer, the bank will focus on verification. In some areas, under the supervision of local regulatory authorities, it is necessary to track the transfer of consumer loan funds about three times. (Transfer money at least 3 times or withdraw cash directly to avoid supervision)

Once the bank finds that the consumer loan is used illegally, it will generally require the borrower to repay the loan immediately, and terminate the line and record it in the bank's internal files. But it will not be included in the People's Bank of China. At present, many banks in Nanjing are strengthening supervision and doing their best to investigate.

As long as there is no problem with the use of consumer loans and the repayment is normal, there is basically no problem. Every review of consumer loans mainly asks about the purpose of the loans.