The borrower shall not use the loan for the following purposes: ① production, operation or investment of products or projects explicitly prohibited by the state; (two) in violation of the relevant provisions of the state to engage in equity investment, in violation of the provisions of the state to use loans as registered capital, capital verification or capital increase and share expansion; (three) in violation of the relevant provisions of the state, engaged in stocks, futures and financial derivatives investment; (4) Budget revenue and expenditure; ⑤ Other prohibited uses stipulated by the state.

What can't personal loans be used for?

Personal loan funds cannot be used for financial management and investment channels such as stocks, funds, futures and real estate development. Loans are allowed for general consumption such as large consumer goods, home improvement, tourism, marriage, and further study abroad. , as well as medical and other special consumption purposes and other reasonable shortage of funds.

When applying for a loan, the borrower must indicate the purpose of the loan, and the loan cannot be made if the purpose is not up to standard. After the loan is issued, if it is verified that the funds are not used according to the specified purposes, the lending institution will consider the borrower to be in breach of contract and may require the borrower to repay in advance.

Personal consumption loans and commercial loans cannot use the loan funds for high-risk areas such as real estate investment, stock trading and gambling, and must be earmarked for special purposes. Consumer loans can be used for decoration, tourism, car purchase, durable goods and other consumer areas, while commercial loans are undoubtedly enterprises can invest money in production and operation, project construction or procurement.

In terms of post-loan monetary supervision, the policy of operating loans is a little looser than that of consumer loans. Generally speaking, it is only necessary to check the purchase and sale contracts of enterprises to supervise the use of loans, while consumer loans are not needed. In addition to contracts, most banks also require borrowers to provide invoices for use. It can be seen that if individuals fiddle with loan purposes, they still need to pay for loan purposes with taxes and fees, which is not worth the candle.

Conditions for applying for loan business:

Natural persons aged between 18 and 65; The actual age of the borrower and the loan application period should not exceed 70 years old; Have the ability to stabilize employment and income and repay the principal and interest of loans on schedule; Good credit information, no bad records, and legal use of the loan; Other conditions stipulated by the bank.

Personal loan funds cannot be used for financial management and investment channels such as stocks, funds, futures and real estate development. Loans are allowed for general consumption such as large consumer goods, home improvement, tourism, marriage, and further study abroad. , as well as medical and other special consumption purposes and other reasonable shortage of funds.

When applying for a loan, the borrower must indicate the purpose of the loan, and the loan cannot be made if the purpose is not up to standard. After the loan is issued, if it is verified that the funds are not used according to the specified purposes, the lending institution will consider the borrower to be in breach of contract and may require the borrower to repay in advance.