Loans are used for legitimate purposes, such as building houses, buying houses, and daily household consumption. , and the borrower needs to explain the purpose of the loan when applying for a loan from a lending institution. The lender will also review the materials submitted by the borrower and the purpose of the loan.
legal ground
Article 667 of the Civil Code stipulates that a loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
Article 669 of the Civil Code stipulates that when concluding a loan contract, the borrower shall provide the true information about the business activities and financial situation related to the loan according to the requirements of the lender.