; ? Fast loan is a popular loan of China Construction Bank, with various products and extremely low interest rate, attracting many customers to apply. However, after the quick loan is successfully handled, it must be used for the specified purpose, otherwise the illegal use will have adverse consequences. Some people will ask, is it illegal to pay off the mortgage quickly? Let's briefly introduce it today.

Is it illegal to repay the mortgage quickly?

It is clear here that this is illegal. Because fast loan is a consumer loan product, it can only be used for legal and compliant consumer purposes. On the introduction page of CCB's fast loan in official website, it is clearly pointed out that there are several forbidden areas for the use of fast loans, specifically four points:

1. Buy a house and pay off the mortgage; 2. Investment in stocks, bonds, futures, financial derivatives and asset management products; 3. Equity investment in fixed assets and equity; 4. Other purposes prohibited by laws and regulations.

From the point of 1, it can be seen that CCB does not allow borrowers to use fast loan funds to buy houses and repay mortgages, so borrowers should never step on thunder. In addition, using consumer loans to repay loans is also a way to repay loans, and banks are very taboo about this operation.

Some people may say, how can CCB know if it has used it illegally after lending fast loans? It can only be said that CCB has its own set of big data to analyze and track the use of borrowers' fast loans, so don't take any chances.

So, what are the consequences of illegal use of fast loans?

Once CCB analyzes through big data that the borrower has not used the fast loan funds for the specified purposes, it will stop the borrower from repaying the loan principal and interest in one lump sum, which is undoubtedly a bolt from the blue for many borrowers with weak economic strength. In order not to affect your credit, you can only borrow money everywhere to repay fast loans, which invisibly increases the repayment pressure.

Even when they want to borrow again after paying off the fast loan, they will find that their qualifications have not changed, but they can't lend anyway, and they are obviously blacklisted by the bank.

The above is "Is it illegal to repay the mortgage quickly?" I hope it will help everyone. In short, fast loans cannot be used to repay mortgages, which is illegal, so everyone should use fast loan funds within the purposes stipulated by the bank.