Legal analysis: Contracted land generally cannot be used for mortgage loans. The use rights of collectively owned land such as homesteads, private land, and private hills are properties that cannot be mortgaged. However, if the law provides otherwise, it can also be mortgaged in accordance with the law.

Legal basis: "People's Republic of China and Civil Code"

Article 395 The following properties that the debtor or a third party has the right to dispose of may be mortgaged: (1) ) Buildings and other land attachments; (2) Construction land use rights; (7) Other properties not prohibited from mortgage by laws and administrative regulations.

Article 399: The following properties shall not be mortgaged: (1) Land ownership; (2) Use rights of collectively owned land such as homesteads, private land, private hills, etc., except those that can be mortgaged according to the law. ; (3) Educational facilities, medical and health facilities and other public welfare facilities of non-profit legal persons established for public welfare purposes such as schools, kindergartens, medical institutions, etc.; (4) Property whose ownership and use rights are unknown or in dispute; (5) property that is legally Seized, detained, and supervised property; (6) Other properties that are not allowed to be mortgaged according to laws and administrative regulations.