Many people in the industry stressed that even if illegal factors are not considered, it is not necessarily appropriate to apply for bank consumer loans from the perspective of economic benefits. Take the consumer loan of a state-owned bank as an example, the monthly interest is 654.38+ 10,000, which seems to be only 7440 yuan a year. However, due to the equal repayment of principal and interest, it is necessary to repay 8675 yuan to the bank every month. This is still stressful for many wage earners with a monthly salary of 10 thousand yuan.

"At the stage of soaring stock prices, many investors ignored the risks and felt that compared with the expected annualized expected return that doubled in one month,

Interest expense can hardly be considered. However, the stock market has plummeted these days, and people who borrow money for stock trading should be anxious. Mr. Zhu, a senior account manager of a bank, told the reporter of Beiqing Daily.

Can the money from small loans be used for stock trading?

Small loan money can't be traded in stocks. Microfinance is provided by Weizhong Bank.

Because according to regulatory requirements, bank credit funds may not flow into the securities market in violation of regulations.

If the bank finds out that the consumer loan is used for stock trading, the bank will recover the loan. In addition, other loans under this user name will be cancelled, and the amortized installment principal and installment fee of the remaining installments need to be settled immediately.

It may also enter the blacklist of banks, and if you want to make a credit loan again, you may not get the approval of the bank.

Extended data:

Stock is a part of the ownership of a joint-stock company and a certificate of ownership issued by a joint-stock company. It is a kind of securities issued by a joint-stock company to all kinds of shareholders, as a shareholding certificate to obtain dividends and bonuses.

Stocks are long-term credit instruments in the capital market and can be transferred and traded. With it, shareholders can share the company's profits, but also bear the risks brought by the company's business mistakes.

Each share represents the shareholder's ownership of the basic unit of the enterprise. Every listed company will issue shares.

Every stock in the same category represents the equal ownership of the company. The share of ownership of the company owned by each shareholder depends on the proportion of shares held by each shareholder to the total share capital of the company.

trading hour

The trading hours of most stocks are:

The trading time is 4 hours, which is divided into two periods: Monday to Friday from 9:30 am to 1 1:30, and in the afternoon from 13:00 to 15:00.

From 9: 00 am15 am, investors can place orders, and the entrusted price is limited to10% of the closing price of the previous trading day, that is, between the daily limit and the daily limit.

Orders entrusted before 9:25 am are matched at 9:25 am, and the price obtained is the so-called "opening price". Orders placed between 9:25 and 9:30 were not processed until 9:30.

If the price you entrust cannot be concluded on the current trading day, you must re-register the order every other trading day.

Rest day: Trading is not allowed on Saturdays, Sundays and rest days announced by Shanghai Stock Exchange.

(Generally, it is the national legal holidays such as May 1 International Labor Day, National Day, Spring Festival, New Year's Day, Tomb-Sweeping Day, Dragon Boat Festival and Mid-Autumn Festival).

transaction cost

There is a commission (handling fee) for buying and selling stocks. The commission for buying and selling stocks is determined by each securities company (the maximum is 3 ‰ of the transaction amount, and the minimum is not limited. The lower the better). Generally 0.05% of the transaction amount. If the commission is insufficient, 5 yuan will be charged to 5 yuan. Stamp duty is charged for buying and selling stocks: one thousandth of the transaction amount (it used to be 3‰, and the stamp duty was lowered in 2008, and one thousandth was charged unilaterally).

From August 1 day, 2005, transfer fees will be charged at 0.02‰ of the transaction amount for the stock trading in Shenzhen and Shanghai.

The above fees, less than 1 cent, shall be charged by rounding.

There is also a rare cost: the interest of the batch is returned to the principal. It is equivalent to the stockholders giving money to the brokers, and the brokers return the stockholders a certain current interest within a certain period of time.

Can bank loans be used for stock trading?

It is illegal to borrow money for stock trading. Generally speaking, when individuals apply for loans, they need to submit written proof of the purpose of the loans. The purpose of the loan must comply with the provisions of relevant national laws, regulations and policies, and shall not be used for illegal channels such as gambling and areas prohibited by the state regulatory authorities, such as stocks, bonds and other investments. According to the relevant regulations of the bank, stock trading is really not allowed. Stock trading refers to buying and selling stocks upside down. The core content of stock trading is to obtain profits through the price difference between buying and selling stocks in the securities market.

It is illegal for users to use loan funds to buy stocks, but it is not illegal. It can only be said that the user's loan funds are not used in compliance. Of course, unless the user cheats on the loan and the lending institution cheats the user, then criminal cases will be involved at this time, which means that the user has violated the law. Many times lenders will force users to pay their debts in advance, not users.

Therefore, although it is not illegal to borrow money for stock trading, as long as it is monitored by lending institutions, there will be many subsequent negative effects.

1. Is it illegal to borrow money for stock trading?

It is illegal for individuals to borrow money for stock trading. But it is not a crime of illegal business operation.

2. Personal loans should have clear purposes and should comply with laws and regulations and relevant national policies. The transaction background is true, and the transaction background and loan purpose should not be fabricated.

3, the use of personal loans should follow the principle of good faith, in line with the contents of the loan contract, according to the current provisions of the state, loan funds shall not illegally enter the stock market, real estate development and other areas prohibited by the state;

4, another loan to buy housing should be in accordance with the provisions of the state to apply for personal housing loans, according to the current provisions of the state, consumer loans are prohibited from entering housing loans. The concept and constitutive elements of the crime of illegal business operation, "other illegal business operations that seriously disrupt the market order" should be defined as: in addition to the illegal business operations stipulated in Item 1 to Item 3 of Article 225 of the Criminal Law, those who violate the state regulations, infringe the state business license system and damage market transactions.

Can I buy stocks with a loan?

You can't use the loan money to buy stocks.

Loan stock trading can touch the sensitive nerves of banks. The loan must comply with the relevant policies of the state and banks, and the loan contract will also specify the purpose of the loan, which will generally be indicated in the purpose. Loans are not allowed to be used for risky investments such as the stock market, and banks themselves will not accept them.

Extended data:

The borrower cooperates with some informal decoration companies, jewelry companies and mahogany furniture manufacturers. And prepare false contract materials or receipts and invoices, which can be successfully approved in the bank. After the bank loan arrives, the lender can negotiate with these businesses, set up a loan, and then use the money to stocks.

You know, after lending, banks will carry out post-loan management, such as China Merchants Bank, and usually monitor loan accounts. Borrowers are usually not allowed to use loans for other purposes. Another example is Bank of Communications, which will be inspected seven days after the loan is issued. If the borrower's loan is found to be used for stock trading, the loan will be recovered immediately.

Can consumer loans be used for stock trading? Let's stop here.