What can the money from Bank of China Personal Consumption Loan be used for?
Bank of China Personal Consumption Loan Usage:
Personal consumption loans can be used for all legal personal consumption expenditures, but excludes home purchases, production and business operations, personal expenditures for unspecified purposes, as well as any prohibited uses by laws, regulations, supervisory provisions, and national policies (including stocks, securities investment, etc.). Due to the differences in business in individual regions, please consult with BOC's acceptance branch for detailed information.
The above content is for your reference, please refer to the actual business regulations.
What are the uses of loans? These 6 aspects to know
When it comes to the use of the loan, we should first understand the type of loan, different types of loans, loans down the use of funds are not the same, some lending institutions in order to prevent the illegal use of loan funds, may also be irregularly required to upload the user to consume the use of vouchers, which are used to check the direction of the loan funds. So, what are the uses of the loan? The following together.
What are the uses of the loan?
1, the purchase of housing, commercial and residential housing or commercial housing
You can apply for a personal housing loan or a personal commercial housing loan, regardless of whether it is a first-hand, or second-hand can be, the release of loan funds in this case is generally directly from the bank to the developer or seller bank card account.
2, loan to buy a car
Apply for a personal car loan, the purpose of the loan is naturally used to buy a car, the loan funds can be transferred directly from the bank to the car dealer's account.
3, for home improvement, furniture and electrical appliances and other home consumption purposes
Some banks are linked to housing loans, some can apply for a separate decoration loans, personal home consumption loans, personal comprehensive consumer loans, etc., have a clear that the purpose of the loan.
4, for shopping, education and training, tourism, wedding, medical, beauty and fitness, club activities, etc.
This is considered a personal consumption loan, some banks do not have a breakdown, you can directly apply for a personal integrated consumer loans, consumer use is more than that, you can consult with the local bank.
5, for production and operation, help business start-up and other business purposes
Apply for personal business loans, etc., the loan funds can be used for day-to-day business turnover, repayment of business debts, the purchase of equipment, expanding and remodeling, renovation of business premises.
6, to help students with financial difficulties to complete their studies
Applying for a national student loan is a benefit given by the state to students to help them pay for tuition and fees and living expenses, which can be paid directly by the bank to the school, and the interest on the loan incurred by the student during the period of schooling is paid by the state's financial subsidies, while the principal amount of the loan can be repaid after graduation.
The above is about "what is the use of the loan" related content, pay attention to the use of the loan can not be used for gambling, stocks, and other national laws and regulations prohibit other purposes.
Loan use
Loan use refers to the specific destination of the loan. It reflects the loan used to solve the production and management activities of which aspect of the capital needs, reflecting the loan with which the factors of production, reflecting the loan used in the reproduction process which link.
A, enterprise loan use:
The current use of loans is mainly for inventory and fixed assets to renew the capital needs of reform. From the liquidity point of view, the loans of industrial enterprises, mainly for raw material reserves, products in stock and finished goods inventory of capital needs. Loans to commercial enterprises are mainly used for the capital needs of commodity inventories and the settlement of in-transit capital needs of industrial and commercial enterprises in the process of commodity sales. In terms of fixed capital, it is mainly used for the capital needs of enterprises for technological progress and equipment renewal, for the capital needs of enterprises for new construction, remodeling and expansion, and for the capital needs of enterprises for scientific and technological development (including part of the working capital). In the field of consumption, mainly used for the capital needs arising from the purchase of civilian commercial housing and automobiles.
Two, personal loan purposes:
What are the loan purposes of personal loans?
When encountering financial problems, many people will choose to apply for a personal loan. So, what are the loan uses of personal loans? Today I will give you a brief introduction.
[if!supportLists]1,[endif]Personal consumption loans, refers to the citizens with a certain income for the purpose of realizing consumption, apply for a loan from the bank and provide certain guarantees, return the loan at maturity and pay interest. Mainly includes: personal consumer durables loans, personal housing renovation loans, personal student loans, personal travel loans, automobile consumption loans and other business varieties.
[if!supportLists]2,[endif]Personal comprehensive consumer loans, refers to the bank to further satisfy the individual's increasingly diverse consumer needs, to the individual issued by the loan does not specify the specific purpose.
[if!supportLists]3.[endif]Credit card overdraft loan, refers to the credit card holder in the credit card account balance is insufficient to spend or shopping the required amount of money, according to the bank and the cardholder pre-agreed limits automatically given to the cardholder the amount of credit required.
[if!supportLists]4,[endif]Personal housing loans, refers to loans issued by banks to borrowers for the purchase of ordinary housing for their own use.
[if!supportLists]5,[endif]personal, refers to a loan in which the borrower gives the bank a corresponding pledge as a guarantee in accordance with the amount he borrows. When the borrower's cash flow is insufficient to repay the loan, the bank exercises the right to dispose of the pledge.
6, personal credit loans, refers to the bank or other financial institutions to the creditworthiness of the borrower issued without the need to provide security of the RMB credit loans. Based on personal credit and repayment ability, the amount is generally not more than 10-20 million, the borrowing period is 1-2 years ranging.
Copyright: This article is excerpted from the web article: Uses of Loans
What are the uses of loans for applying for a personal loan?
When encountering financial problems, many people choose to apply for a personal loan. However, when banks apply for loans, there are restrictions on the use of the loan. So, what are the loan purposes of personal loans? Today to give you an introduction.
1, personal consumption loans, refers to the citizens with a certain income to achieve the purpose of consumption, apply to the bank to borrow money and provide certain guarantees, due to return the borrowed money, the payment of interest behavior. It mainly includes: personal consumer durables loans, personal housing renovation loans, personal student loans, personal travel loans, automobile consumption loans and other business varieties.
2, personal comprehensive consumer loans, refers to the bank to further meet the individual's increasingly diverse consumer needs, to the individual issued by the loan is not designated for a specific purpose.
3. Credit card overdraft loans refer to the amount of loans automatically granted to credit card holders when their credit card account balances are insufficient to cover the amount needed for consumption or shopping, according to the limits agreed upon in advance between the bank and the cardholder.
4. Individual housing loan means a loan granted by a bank to a borrower for the purchase of ordinary housing for his own use.
5, personal, refers to a loan in which the borrower gives the bank a corresponding pledge as a guarantee in accordance with the amount he borrows. When the borrower's cash flow is insufficient to repay the loan, the bank exercises its right to dispose of the pledge.
6, personal credit loans, refers to banks or other financial institutions to the creditworthiness of the borrower issued without the need to provide security of the RMB credit loans. Based on personal credit and repayment ability, the amount is usually not more than 100,000-200,000, and the borrowing period is 1-2 years.
What are the uses of bank loans
Chinese bank personal loans are issued according to the purpose of the loan, you apply for a loan, you need to submit a written document to prove the purpose of the loan. Currently, the following uses of loans are available: purchase of cars, purchase of parking spaces, renovation, education, education funding, bulk consumer shopping, travel and other personal or family legal consumption, as well as business purposes of turnover.
The use of the loan must be in accordance with the relevant national laws, regulations and policies, and may not be used for gambling and other illegal ways of violating national laws and regulations and national regulatory authorities prohibit the entry into the field, such as stocks, bonds and other investments.
Specifically whether your use can apply for a loan, we recommend that you consult directly with the personal loan department of your local branch to confirm.