When applying for a loan, the applicant must fill in the loan application form after issuing the loan application. In addition to personal basic information, there is a more important thing to fill in the purpose of the loan. The so-called loan purpose refers to what you apply for a loan for.
So what are the restrictions on the use of loans when individuals apply for loans?
1. Basically, the loan funds applied by individuals cannot be used for illegal industries such as gambling and drugs, because these industries are explicitly prohibited by the state and do not meet the relevant provisions of bank loans;
2. Secondly, generally speaking, the funds that individuals apply for loans cannot be used for trading in the securities trading market, and banks expressly stipulate that lenders cannot use this money to buy stocks, bonds, futures, etc. Therefore, people who want to make up for the stock market losses through loans should take a detour;
3. Finally, there are relevant laws in China, which stipulate that the funds of personal loans must be used in industries that are conducive to the sustainable development of the national economy, and those industries that have major security risks or major pollution will be restricted from applying for loans.