When there is a shortage of funds or the pressure of capital turnover is too great, many people will apply for consumer loans or commercial loans from banks to ease the pressure of funds. A friend bought a wealth management product in the bank and wanted to know whether the purchased wealth management product could be used as collateral. Can wealth management products be mortgaged?

Can wealth management products be mortgaged?

No, but the wealth management products approved by the bank can apply for pledge loans. Mortgage collateral is generally real estate, vehicles and other real estate, which can be used as a guarantee for creditor's rights and does not need to be handed over to creditors for possession; Pledged loans are chattels such as certificates of deposit, treasury bonds and wealth management products, which must be handed over to creditors for possession as a guarantee for creditor's rights. Therefore, wealth management products can usually not apply for mortgage loans, but can apply for pledge loans.

The types of pledged loans include certificates of deposit, national debt, wealth management products, insurance policies, stocks and structured wealth management. In addition, wealth management products can usually only be pledged at the issuing bank of wealth management products, and cannot be pledged across banks.