Use of personal consumption loan of China Bank:
Personal consumption loans can be used for all legitimate personal consumption expenses, but excluding house purchase, production and operation, personal expenses without specific purposes, and any purposes prohibited by laws, regulations, regulatory provisions and national policies (including stock and securities investment, etc.). ). Due to the differences in business in individual regions, please consult the acceptance outlets of BOC for details.
The above contents are for your reference. Please refer to the actual business regulations.
What is the purpose of the loan? These six aspects should be known.
When it comes to the use of loans, we must first understand the types of loans. Different loan types have different loan purposes. In order to prevent illegal use of loan funds, some lending institutions may occasionally ask users to upload consumption vouchers and inquire about the whereabouts of loan funds. So, what is the purpose of the loan? Let's take a look together.
What is the purpose of the loan?
1. Purchase houses, commercial and residential houses or commercial houses.
Either primary or secondary, you can apply for personal housing loans or personal commercial housing loans. In this case, the loan funds are generally paid directly by the bank to the bank card account of the developer or seller.
Step 2 get a loan to buy a car
When applying for a personal car loan, the purpose of the loan is naturally to buy a car, and the loan funds can be directly transferred to the car dealer's account by the bank.
3, used for home decoration, furniture and electrical appliances and other household consumption purposes.
Some banks are linked to housing loans, and some can apply for decoration loans, personal home consumption loans and personal comprehensive consumption loans. These have a clear purpose.
4, for shopping, education and training, tourism, wedding, medical care, beauty and fitness, club activities, etc.
This is a personal consumption loan. Some banks can directly apply for personal comprehensive consumer loans without subdivision, and their consumption purposes are not limited to these. You can consult your local bank for details.
5 for production and operation, business assistance, entrepreneurship and other business purposes.
Apply for personal business loans, etc. Loan funds can be used for daily business turnover, repayment of operating debts, purchase of equipment, expansion and renovation, decoration of business premises, etc.
6. Help students with financial difficulties to complete their studies.
Applying for a national student loan is a welfare given by the state to students at school to help them pay tuition, fees and living expenses. It can be paid directly by the bank to their school. The loan interest generated by students during their school days is paid by the state financial subsidies, and the loan principal can be repaid after graduation.
The above is about "what is the purpose of the loan". Please note that the loan shall not be used for gambling, stock trading and other purposes prohibited by national laws and regulations.
Use of loans
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.
I. Use of corporate loans:
The current loan is mainly used for the capital demand of inventory and fixed assets renovation. From the liquidity point of view, industrial enterprise loans are mainly used for raw material reserves, in-process products and finished goods inventory capital needs. Commercial enterprise loans are mainly used for the capital needs of commodity inventory and the capital needs of industrial and commercial enterprises in the process of commodity sales. From the point of view of fixed funds, it is mainly used for the capital demand of enterprise's technological progress and equipment renewal, the capital demand of enterprise's new construction, transformation and expansion, and the capital demand of enterprise's scientific and technological development (including part of working capital). In the field of consumption, it is mainly used for the capital demand generated by the purchase of civil commercial housing and automobiles.
Two. Personal loan purpose:
What is the purpose of personal loan?
When encountering financial problems, many people will choose to apply for personal loans. So, what is the purpose of personal loan? I'll introduce it to you today.
[If! SupportLists] 1, [endif] Personal consumption loan refers to the behavior that citizens with certain income apply for a loan from the bank for the purpose of consumption, provide certain guarantee, 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.
[If! Support list ]2. [endif] Personal comprehensive consumption loan refers to the loan that banks give to individuals without specifying specific purposes in order to further meet their increasingly diversified consumption needs.
[If! Support list ]3. [endif] Credit card overdraft loan means that when the credit card account balance is less than the amount needed for consumption or shopping, the credit card holder automatically gives the required loan amount according to the limit agreed by the bank and the cardholder in advance.
[If! Support list ]4. [endif] Personal housing loans refer to loans issued by banks to borrowers for purchasing ordinary housing for their own use.
[If! Support list ]5. [endif] Individual refers to the loan that the borrower provides the corresponding pledge to the bank as a guarantee 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.
Copyright statement: This article is taken from the online article: the use of loans.
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.
What is the purpose of bank loans?
Personal loans of China Merchants Bank are issued according to the purpose of the loans. When applying for a loan, you need to submit a written certificate of loan use. At present, loans can be used for the following purposes: car purchase, parking, decoration, teaching materials, bulk consumption, shopping, tourism and other legitimate personal or family consumption, as well as business turnover purposes.
The purpose of the loan must comply with the provisions of relevant national laws, regulations and policies, and shall not be used for gambling and other illegal ways that violate national laws and regulations, or for investment in areas prohibited by the state regulatory authorities, such as stocks and bonds.
Whether you can apply for a loan for a specific purpose, it is recommended that you directly consult the personal loan department of the local outlet for confirmation.