1. What can consumer loans be used to purchase? 1. Purchase large amounts of durable goods or luxury goods. This is the most commonly used consumer loan, because modern people's income has increased and their natural economic capabilities have also improved a lot, so they need to enjoy a high-quality life, such as buying cars, home appliances, jewelry or gold, etc. This type of product is For goods that are of high value, have a certain value preservation, and are used for a long time, you can usually apply for a consumer loan to pay for the goods and then repay them in installments. 2. Study abroad or travel. In addition to material aspects, people's spiritual pursuits are also getting higher and higher. Many friends choose to study abroad, re-educate or travel. The fees for these projects are not low. Ordinary families may not be able to pay for them all at once, so they need to take advantage of loans.
2. Consumer loans cannot be used in these areas: 1. Loans cannot be used to pay the down payment of a mortgage, repay a mortgage, etc. This is expressly prohibited by the bank. 2. Loans cannot be used for investment and financial management related projects, such as high-risk and high-return investment projects, which are also not allowed by banks. 3. It cannot be used in illegal fields, such as gambling. If this happens, not only will the bank terminate the loan contract early, the borrower will need to pay off the debt, but he may also be liable for breach of contract. Therefore, it is best to keep the use of consumer loans. Proof, earmarked funds.