The meaning of loan consumption refers to a form of consumption in which consumers borrow money from banks and other financial and non-financial institutions to buy houses, cars or medical care, tourism and other consumption expenses.
After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.
Characteristics of loans: loan consumption is based on credit, and consumers have established a loan relationship with lending institutions, paying interest on time as agreed, but loan consumption is mainly used to buy large amounts of consumer goods and services.
Loan function
First, from the consumer's point of view, it is mainly to meet the consumer's living needs and improve the quality of life;
Second, from the perspective of the relationship between production and consumption, consumption has a negative effect on production, especially after the economy enters the trading market.
Third, from the macro-control witness of stimulating consumption to stimulate economic growth, loans have played a driving role in giving play to the pulling role of consumption in production.