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.
What are the uses of personal consumption loans of China Bank?
The personal consumption loan of China Bank can be used for all legitimate personal consumption expenses, but it does not include housing 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.). ). For details, please consult our acceptance outlets or call our customer service hotline 95566 (please call 86 10-95566 for overseas and Hong Kong, Macao and Taiwan regions).
The above contents are for your reference. Please refer to the actual business regulations.
What is the purpose of the loan?
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.
Loans are divided into consumer loans and commercial loans. Commercial loans have short service life, high interest rate and long service life. Mainly used for personal consumption, including personal car purchase, decoration, travel, going abroad, buying furniture, etc.
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 general purpose of mortgage loan stipulated by the bank?
Loan purposes: car purchase, parking, decoration, education fund, bulk consumption shopping, tourism and other personal or family legal consumption; And the purpose of business turnover; The purpose of the loan must comply with the provisions of relevant state laws, regulations and policies, and shall not be used for illegal purposes such as gambling in areas prohibited by state laws and regulations and state regulatory authorities; Such as stocks, bonds and other investments;
Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity. Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.
Mortgage loan is a way for the buyer (mortgagor) to borrow money from the bank (mortgagee). That is, the buyer takes the purchased property as collateral, signs a mortgage contract with the bank, and takes the way of not transferring ownership as a guarantee to repay the loan to the bank on schedule. Interest must be paid on this loan. After the buyer (mortgagor) pays off the principal and interest to the bank according to the contract, he can recover the collateral-Property Ownership Certificate and Land Use Certificate. In other words, property buyers do not really own the ownership of the houses they buy before paying off the loans. If the repayment is not made on time, the bank can handle it according to law.
Management method of mortgage loan: In order to better support the development of agriculture, countryside and farmers, build a new socialist countryside, increase the types of loans and ensure the safety of loans. In order to safeguard the legitimate rights and interests of both borrowers and lenders, these measures are formulated in accordance with the relevant provisions of the state. Mortgage loan is a kind of loan method in which the borrower is willing to use his or a third party's property as a guarantee when borrowing money from the company. When the borrower fails to repay the loan principal and interest at maturity, the Company has the right to dispose of its collateral as repayment of the loan principal and interest and related expenses. Handle mortgage loans in accordance with relevant state regulations and sign mortgage loan contracts on the basis of equal consultation. Scope of collateral: fixed assets with value and use value according to law (such as buildings above ground, vehicles, machinery and equipment, etc.); Materials or property that can be circulated or transferred.
What is the purpose of China Bank's personal wealth management product financing convenience loan?
China Bank's personal wealth management product financing convenience loan uses:
1. The borrower can use the loan funds to purchase large-value durable consumer goods such as automobiles, or for reasonable consumption purposes such as home decoration, education, vacation and tourism, or to solve the normal capital demand in the process of production and operation.
2. The purpose of the loan shall not violate the relevant laws and regulations and the relevant provisions of the People's Bank of China and the China Banking Regulatory Commission on the use of personal loans. For production and operation, it shall meet the requirements of China Bank's personal business loan system.
3. If a personal financial product financing facility loan is handled through the personal electronic channel of China Bank, a true and effective certificate of use shall be provided.
4. Loan purpose:
The borrower must use the loan as stipulated in the contract. If the loan is used in violation of the provisions of the loan contract, the lender has the right to recover part or all of the loan in advance. For the part of the loan that is not used according to the contract, the lender has the right to collect the default interest according to the contract.
Due to differences in business in individual regions, please consult our acceptance outlets or call our customer service hotline 95566 (please call 86 10-95566 for overseas and Hong Kong, Macao and Taiwan regions) for details.
The above contents are for your reference. Please refer to the actual business regulations.