With the continuous development of economy, many people have some spare money, so many people have embarked on the road of investment. However, if there is a problem of insufficient funds in the investment process, can consumer loans be used for investment? Let's have a look.
It is understood that personal consumption loans are mainly used to meet our daily consumption needs. Common consumer loans are used for studying abroad, traveling and shopping, buying a car and so on. It is worth noting that buying a house has not been included in the ranks of personal consumption loans.
In addition, all kinds of loans emphasize earmarking. Not only is it strictly required that housing loans can only be used to buy houses, but also student loans can only be used to complete academic activities. It is also strictly stipulated that all kinds of loans cannot be used for personal investment.
In other words, applying for a consumer loan cannot be used for investment, but the loan applicant can reasonably control the free funds. For example, the loan applicant has a house purchase sum, which can be used for investment first, and then apply for a house purchase loan to buy a house.
Can loans be used to buy wealth management products? What are the clear rules?
I can't. 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.
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.
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.