The Law on the Use of Loans stipulates that the use of loans is legal.

What are the regulatory provisions for the use of loan funds?

According to the relevant laws and regulations of our country, the lender should agree with the borrower on a clear and legal purpose of the loan. Working capital loans shall not be used for fixed assets, equity and other investments, and shall not be used for fields and uses prohibited by the state. The working capital loan shall not be misappropriated, and the lender shall inspect and supervise the use of the working capital loan as stipulated in the contract. Article 10 also stipulates that the CBRC shall supervise and manage the working capital loan business according to these Measures.

legal ground

Interim Measures for the Administration of Working Capital Loans Article 9 The lender shall agree with the borrower on a clear and legal purpose of the loan.

Working capital loans shall not be used for fixed assets, equity and other investments, and shall not be used for fields and uses prohibited by the state.

The working capital loan shall not be misappropriated, and the lender shall inspect and supervise the use of the working capital loan as stipulated in the contract.

Whether the loan can be used to buy wealth management products, and what documents clearly stipulate it?

In principle, it is impossible. Because the yield of wealth management products is often not as high as the loan interest rate, if the yield of wealth management products is higher than the loan interest rate, it often implies greater risks. When lending, the purpose of the contract will be clearly defined and cannot be used for other purposes. Otherwise, it is illegal.

Extended data:

The Interim Measures for the Management of Working Capital Loans stipulates that:

The lender shall agree with the borrower on a clear and legal purpose of the loan. Written proof of the purpose of the loan is required. 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.

Working capital loans shall not be used for fixed assets, equity and other investments, and shall not be used for fields and uses prohibited by the state.

The working capital loan shall not be misappropriated, and the lender shall inspect and supervise the use of the working capital loan as stipulated in the contract. 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.

The process of handling the loan is as follows:

Take ABC's "Netjet Loan" as an example;

Netjet loan refers to a small consumer loan issued by Agricultural Bank of China to individual customers of Agricultural Bank of China who meet certain conditions, with self-application, quick receipt and self-credit.

Online lending has realized the processes of self-service application, automatic approval, online signing of credit contract and self-service credit use. The application process is as follows:

(1) The borrower logs into the online channels (personal online banking and pocket banking) designated by Agricultural Bank of China, and enters the "Netquick Loan" application interface.

(2) The borrower understands the product situation, basic loan conditions and handling procedures of NetJet Loan.

(three) fill in the basic information, the proposed loan period, loan and repayment account, mailing address, etc.

(4) The system verifies the validity of the mobile phone number.

(5) Signing the Power of Attorney for Personal Credit Business online.

(six) to confirm the loan information, the amount and purpose of the loan application.

(7) After the applicant reads and signs the Personal Self-help Micro-credit Consumer Loan Contract online and completely fills in the application information, he submits the loan application.

What are the rules for the use 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 are the legitimate uses of credit loans handled by Sunshine Insurance?

The credit loan handled by Sunshine Insurance can be used for legitimate purposes such as purchasing real estate, improving property, purchasing equipment and completing normal business activities of the industry.

Excuse me, what are the rules for the use of personal consumption loans in China Bank?

Provisions of Bank of China on the Use of Personal Consumption Loans:

You should submit the loan materials. The use of funds below the quota shall be handled by the original agency, and the use of funds shall be submitted one by one, and the following materials shall be provided before use:

1. Proof of loan use: invoices, contracts and other relevant supporting materials for purchasing goods; In view of the special circumstances of providing the loan purpose description, the borrower shall ensure the legality of the loan purpose, and 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, and shall not arbitrarily misappropriate them.

2. According to the Interim Measures for the Management of Personal Loans issued by the CBRC, the borrower shall provide effective counterparty account information, etc. by adopting entrusted payment. To meet the conditions of independent payment, you need to submit personal account information.

3. If the time interval between the use of funds and the amount of funds is more than six months, the latest income certificate and supporting materials shall be submitted. Specific to the requirements of the organization.

4. Other materials required by the institution.

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.

What is better to write about the purpose of the loan?

Actually, you can fill it out truthfully. In general, loans are used for consumption, decoration, education, tourism and so on. Take the loan to buy a house as an example, just fill in "consumption", and never fill in the false loan purpose in order to pass the bank's loan review.

In the "Three Measures and One Guidance" implemented by CBRC 20 10, the authenticity of loan use is strictly required. If the bank finds that the actual purpose of the borrower's loan is inconsistent with the application purpose during the later inspection, it can be considered as misappropriation of loan funds, and the bank has the right to stop the remaining loan that the borrower has not yet issued, and to require the lender to repay all the loan principal and interest in advance. The loan interest rate will also rise.

Moreover, in order to prevent the borrower from misappropriating the loan, the CBRC requires that the loan with a certain amount or more must be transferred to the borrower's counterparty account in real time through the entrusted payment of the lender.

As long as your use is legal and not used in illegal industries such as stock trading and gambling, or industries with overcapacity such as real estate and mining, it is good to tell the truth.

This concludes the introduction of laws and regulations on the use of loans. I wonder if you have found the information you need?