Now many people borrow money to buy a house, because the house price is very expensive, and a family simply can't afford so much money. However, some people will apply for a mortgage loan at the bank before going to the bank for a loan. This loan is a consumer loan. Can bank loans be used to repay mortgages?
This is not allowed by law.
According to the law, you can't repay the loan with a loan, that is, you can't repay the mortgage with a bank loan. In fact, there are two types of bank loans, one is credit loans and the other is consumer loans. Credit loans are like mortgages. There is no need to provide a guarantee, but the bank will review your qualifications and then grant you a certain loan according to your credit rating. Consumer loans are mortgaged. You can apply for a consumer loan in the bank, and then use the money to buy durable consumer goods, such as cars, air conditioners and travel abroad. But consumer loans can't be used to repay mortgages. If the bank finds out that you have done this, it will freeze your loan and let you pay off your mortgage as soon as possible.
Work hard to make money and pay off the mortgage.
Bian Xiao suggested that your friends with mortgages had better work hard to make money and pay back their mortgages, instead of thinking about doing something opportunistic. Don't apply for a consumer loan at the bank and then use the money to repay the mortgage. This is a very bad behavior. This is explicitly prohibited by law, because this repayment method will increase the repayment pressure of individuals. If it collapses, then you will not be able to repay the loan. On the one hand, you have to pay off the mortgage, on the other hand, you have to pay off the consumer loan.
abstract
Therefore, we should be good law-abiding citizens, don't touch the bottom line of the law, and don't think about using the money borrowed from the bank to repay the mortgage. This is unacceptable and against the law. Bian Xiao suggested that after applying for a mortgage in the bank, netizens must repay on time and work hard to make money every month in order to pay off the mortgage. Paying off the mortgage by yourself is the right way.
Repay the loan with the money from the loan
If the user repays with loan funds and the lending institution does not detect it, then it is ok to do so. However, even if this is not detected, users are still not advised to repay with loans. Repaying a loan with a loan will not only lead to an increase in loan interest, but also increase the risk of overdue. Once the loan is not available, the last loan will be overdue. Therefore, users must apply for loans according to their repayment ability, and at the same time be careful not to overdraw consumption, so there is no need to raise loans with loans.
With the continuous development of online loans in recent years, more and more people use online loans to solve the financial problem, and these online loans are often illegal, and there are cases of beheading usury. In the case of inability to repay the loan, the borrower will choose to continue to repay the loan, thus rolling more and more. So is it legal to repay the loan with a loan? Which law was violated?
The only provision about "repaying the loan by loan" in China's current law is in the Guarantee Law, which means that the creditor and the debtor sign a new loan contract under the condition that the old loan has not been paid off, and pay off part or all of the old loan with the money from the new loan.
Repaying a loan with a loan is a civil act, not illegal or illegal. There is no explicit prohibition in national laws, but in real life, the harm of repaying loans with loans is very great.
1, geometric growth of loan amount
It turns out that Xiao Wang only borrowed a loan of 1 1,000 yuan, which he was unable to repay after the maturity. The principal plus interest plus liquidated damages needs to be paid back to 2500 yuan, so he has no choice but to borrow B loan to pay back A loan, so that B loan cannot be paid back after it expires, and the amount accumulated to 5000 yuan, and then he borrowed C loan. By analogy, the loan amount can be rapidly increased to tens of thousands to hundreds of thousands in a short time.
2. The consequences of overdue are serious.
The original loan from A is 1 0,000 yuan, which can be settled through negotiation. If not, I can borrow it from relatives and friends, credit cards and so on. And said I'm not going to pay it back. The overdue amount is at most 2000 yuan or 3000 yuan, and the consequences are at most telephone bombing and address book explosion.
However, under the vicious circle of repaying loans with loans, not only the amount of loans is gradually increasing, but also the products of loans are increasing, and the collection efforts will become more and more intense in the later period, so there is no way to forcibly land.
In short, it is not illegal to repay loans with loans. Nowadays, many people still use this method, which can not only avoid violent collection, but also leave a sum of money on hand. But this method won't last long. Later, you will borrow dozens of online loans at the same time, and the overdue amount is as high as tens of thousands of yuan. When the time comes, if you collect it at home and explode the address book, you won't be able to stand it.
Can the loan money be used to repay the car loan?
Of course, the money is your own, and the bank doesn't care how you spend it. As long as you pay back the money on time, it's up to you to pay back the car loan, mortgage or buy something else.
Can I repay the loan when others lend me money?
Of course. Your money was returned to you by others and obtained through formal channels. You have the right to do whatever you want, which can be used to repay the loan.