Huimin loan funds can only be used for consumption, and cannot be used for purchasing real estate, production and operation, investment and wealth management, or other net-worth purposes stipulated by laws, regulations or supervision. After the loan funds are used, the bank may require the applicant to provide relevant consumption vouchers. If you can't provide proof of consumption, the bank has the right to terminate the contract in advance and demand to pay off the loan funds in one lump sum.
"Huimin Loan" is a credit product launched by this behavior to ensure the living needs of residents and meet the production and financing needs of small and micro enterprises, high-quality individual industrial and commercial households and private owners. "Huimin Loan" can be used for people's livelihood education, medical consumption, and private and individual enterprises' trade circulation. The general loan amount is not higher than 500,000 yuan. It can be secured by mortgage, pledge, guarantee, etc. Can also be based on personal good credit.