The loan will be stopped and part or all of the loan will be recovered in advance.
The "General Rules of Loans" have corresponding provisions:
Article 71 If the borrower has any of the following circumstances, the lender will charge additional interest on part or all of the loan. ; If the circumstances are particularly serious, the lender will stop paying the borrower's unused loan and withdraw part or all of the loan in advance:
1. Failure to use the loan for the purpose specified in the loan contract.
2. Using loans to make equity investments.
3. Using loans to engage in speculative operations in securities, futures, etc.
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Extended information:?
Relevant legal provisions of "General Rules for Loans":?
Article 61? Loan support The project itself needs to be approved in accordance with the approval procedures stipulated by the state. Fixed asset investment projects generally need to go through several approvals including project establishment, feasibility study, preliminary design and construction before they can enter construction.
After the project is completed, the relevant government departments will organize completion, final accounts, acceptance and other work. Fixed asset loans must consider matching other construction funds. The state stipulates that construction projects must have capital, that is, investors' non-debt funds.
Article 62: Projects in different industries require different proportions of capital to total investment, and bank loans cannot be used as project capital. Our bank usually holds more than 30% of the project capital.
Baidu Encyclopedia - "General Rules for Loans"