The purpose of the loan refers to the specific destination of the loan. It reflects which aspect of capital demand the loan is used to solve in production and business activities, which production factors the loan is combined with, and which part of the reproduction process the loan is used for.
Basis for determining loan use
1. The utilization of credit leverage by the state
Financial funds and credit funds are two main channels for the state to mobilize and allocate funds. If the state mainly uses financial means to raise and distribute funds, the use of loans will be narrow; If the country mainly uses credit to raise and allocate funds, the use of loans will expand. In order to give full play to the leverage of bank credit, under the condition of ensuring the comprehensive balance between financial funds and credit funds, changing the capital distribution channels of economic construction funds mainly based on free distribution will help enterprises save funds, promote enterprises to improve their management and improve economic benefits. Bank credit has become an important channel to raise and allocate funds for economic construction, which is the requirement of the national economic development strategy.
2. The objective requirements of economic development
When the supply capacity of credit funds allows, the expansion of loan use also depends on the objective needs of economic development in various periods. With the increasing role of finance in the national economy, bank credit has become an important channel for the redistribution of social funds. Adjusting industrial structure, developing basic industries and realizing rationalization and optimization of industrial structure are the basic conditions for economic coordination, stability and sustainable development, effective allocation and efficient utilization of social resources, and also an important symbol of economic modernization. Bank credit should meet the objective requirements of economic development and determine the purpose of loans in different periods.
3. The business nature of the enterprise
In the national economy, different industries and enterprises have different business nature, and their capital occupation and turnover characteristics are also different. So the purpose of the loan is different. For example, in the process of product production, industrial production enterprises have to go through three links: supply, production and sales. Bank loans must meet the needs of both working capital and fixed capital of enterprises. Commercial retail enterprises should undertake the task of commodity reserve, work hard and sell quickly to ensure market supply, and bank loans should solve their liquidity needs. Therefore, according to the nature of enterprise operation, determining the appropriate loan purpose and solving its capital demand will not only promote the development of enterprise production and operation, but also help to allocate credit funds reasonably and improve the efficiency of use.
What are the uses of personal loans?
1. Personal consumption loan refers to the behavior that citizens with a certain income apply for a loan from the bank for the purpose of consumption, provide certain guarantees, repay the loan at maturity and pay interest. It mainly includes: personal durable consumer goods loans, personal housing decoration loans, personal student loans, personal travel loans, automobile consumption loans and other business varieties.
2. Personal comprehensive consumption loans refer to loans that are not specified for specific purposes and are granted by banks to individuals to further meet their increasingly diversified consumption needs.
3. Credit card overdraft loan means that when the credit card account balance is less than the amount required for consumption or shopping, the credit card holder will automatically give the required loan amount according to the limit agreed by the bank and the cardholder in advance.
4. Personal housing loan refers to the loan issued by the bank to the borrower for the purchase of self-occupied ordinary housing.
5. The individual refers to the loan that the borrower provides the corresponding pledge as the guarantee to the bank according to the loan amount. When the borrower's cash flow is insufficient to repay the loan, the bank will exercise the right to dispose of the pledge.
6. Personal credit loans refer to RMB credit loans issued by banks or other financial institutions to borrowers with good credit without providing guarantees. Based on personal credit and repayment ability, the loan amount will generally not exceed 1-200,000, and the loan term is1-2 years.
What are the restrictions on the use of bank loans?
To apply for a loan from a bank, you need to choose the purpose and can only use it for special purposes. It is not suitable for high-risk industries such as gambling and stock trading. Today, we will talk about the purpose of the loan, which is not the key audit point in the loan approval, but directly related to the success of the loan application.
There are two main uses for loans approved by banks:
I. Personal consumption purpose
In personal consumption loans, banks, whether guaranteed or unsecured, will require customers to prove the use of funds. Moreover, in order to ensure the authenticity, the bank will directly transfer the loan money to the user's account, and generally provide a consumption invoice. This ensures the earmarking to the greatest extent.
For example, Mr. A applied for a personal decoration loan of 300,000 yuan. Then the bank will ask the decoration company to provide invoices and directly transfer the money to the enterprise account of the decoration company. The most common items recognized by individual consumer banks are decoration, purchase of mahogany furniture, purchase of electronic products and purchase of jewelry and jade.
Second, the business purpose of the enterprise
Enterprise management has a wide range of uses. As long as it is a reasonable purchase and sale contract within the normal business scope of the enterprise business license (excluding prohibited industries such as steel, of course), it can be provided to banks as a purpose. Similarly, banks will transfer money to third-party companies and ask for invoices.
Another example is that Mr. B applied for an operating loan of 6,543,800 yuan. The purpose of the loan is to buy raw materials. Then the bank will ask the raw material supplier to provide an invoice and transfer the money to the supplier's enterprise account.
Some people ask me that I sometimes need money urgently. For example, if someone at home is sick, I can't get a loan if I invest in a friend's company without an invoice or stock.
Yes, according to the risk control approval logic of big banks, loans that cannot be used reasonably will not be approved. For example, buying stocks and doing business with friends have great uncertainty, which seriously affects the repayment ability of lenders, so banks are not allowed to lend.
So what if you really need money urgently and you can't find the use approved by the bank? There are also two ways.
First, ask a familiar friend for help. Suppose a friend happens to be decorating. Although he is not short of money, he is eligible to apply for a decoration loan. You can ask him to help you with a loan in the name of decoration. Renovation contract can do anything, and you can also use a corporate account. But in this process, we must pay attention to the problem of capital risk. Professional loan service companies can provide such protection.
The second is to find a professional tripartite company to cooperate. There are many professional three-party companies in the market to provide this service.
What is the purpose of applying for a personal loan?
When encountering financial problems, many people will choose to apply for personal loans. However, when banks apply for loans, there are restrictions on the use of loans. So, what is the purpose of personal loan? I'll introduce it to you today.
1. Personal consumption loan refers to the behavior that citizens with a certain income apply for a loan from the bank for the purpose of consumption, provide certain guarantees, repay the loan at maturity and pay interest. It mainly includes: personal durable consumer goods loans, personal housing decoration loans, personal student loans, personal travel loans, automobile consumption loans and other business varieties.
2. Personal comprehensive consumption loans refer to loans that are not specified for specific purposes and are granted by banks to individuals to further meet their increasingly diversified consumption needs.
3. Credit card overdraft loan means that when the credit card account balance is less than the amount required for consumption or shopping, the credit card holder will automatically give the required loan amount according to the limit agreed by the bank and the cardholder in advance.
4. Personal housing loans refer to loans issued by banks to borrowers for the purchase of ordinary housing.
5. The individual refers to the loan that the borrower provides the corresponding pledge as the guarantee to the bank according to the loan amount. When the borrower's cash flow is insufficient to repay the loan, the bank will exercise the right to dispose of the pledge.
6. Personal credit loans refer to RMB credit loans issued by banks or other financial institutions to borrowers with good credit without providing guarantees. Based on personal credit and repayment ability, the loan amount will generally not exceed 1-200,000, and the loan term is1-2 years.
The purpose of China Bank's personal entrusted loan
The use of personal entrusted loans must comply with the requirements of the Commercial Bank Law and the General Principles of Loans, and loans without specific purposes may not be issued. Loans can be used for the borrower's daily consumption or business. , and is strictly prohibited for the following aspects:
(1) Projects and industries whose operation, development or repeated construction are prohibited by laws, regulations, regulatory provisions or other national credit policies.
(2) Investing in bonds, futures, financial derivatives, wealth management products, equity, etc.
(3) As the registered capital, the registered capital is verified or increased,
(4) Lending money or providing guarantee to others,
(5) Other prohibited uses as stipulated by the state.
The above contents are for your reference. Please refer to the actual business regulations.
What is better to write about the purpose of the loan?
Actually, you can fill it out truthfully. In general, loans are used for consumption, decoration, education, tourism and so on. Take the loan to buy a house as an example, just fill in "consumption", and never fill in the false loan purpose in order to pass the bank's loan review.
In the "Three Measures and One Guidance" implemented by CBRC 20 10, the authenticity of loan use is strictly required. If the bank finds that the actual purpose of the borrower's loan is inconsistent with the application purpose during the later inspection, it can be considered as misappropriation of loan funds, and the bank has the right to stop the remaining loan that the borrower has not yet issued, and to require the lender to repay all the loan principal and interest in advance. The loan interest rate will also rise.
Moreover, in order to prevent the borrower from misappropriating the loan, the CBRC requires that the loan with a certain amount or more must be transferred to the borrower's counterparty account in real time through the entrusted payment of the lender.
As long as your use is legal and not used in illegal industries such as stock trading and gambling, or industries with overcapacity such as real estate and mining, it is good to tell the truth.