In-transit loan refers to a loan project in which the borrower has applied for a loan, and the loan application has been submitted successfully, but the applied loan has not been audited, or the loan project has not been released after being audited. The borrower can only apply for the next loan after each successful loan payment or after the loan application is rejected.

Brief introduction of loan use

The use of loans reflects what kind of capital needs can be used for loans, and most of these capital needs are met through bank loans. Loans are mainly used for the capital needs of inventory and fixed assets transformation. From the perspective of liquidity, industrial loans are mainly used for capital needs such as raw material reserves, in-process products and finished goods inventories. Commercial loans are mainly used for the capital demand of commodity inventory and the settlement of funds in transit in the process of industrial and commercial commodity sales. From the perspective of fixed funds, it is mainly used for technological progress and equipment renewal, new construction, reconstruction and expansion, and scientific and technological development. In the field of consumption, it is mainly used for the capital demand generated by the purchase of civil commercial housing and automobiles.