1. Will BOC E-Loan check the capital flow?
When applying for BOC e-loan, there are clear requirements for the use of products. Loans can be used for personal legitimate and reasonable consumption expenses such as home improvement, car purchase, education and medical care. , shall not be used for non declaration purposes and personal expenses prohibited by laws and regulations. That's definitely bad for real estate, stock investment and gambling.
Moreover, banks generally have post-loan management and will conduct spot checks on the use of loans by users. Therefore, once the Bank of China learns that the user's funds have been used for other purposes or cannot be provided by uploading consumer vouchers, the consequences will be very serious, and it may require a one-time settlement in advance.
Second, how to use BOC e-loan?
After the approval, click Withdraw, select the purpose, amount and term of the loan as needed, enter the mobile phone verification code and dynamic password, and the funds will arrive immediately after the withdrawal is successful. During the validity period of the credit line, users can recycle and repay the funds allocated by BOC e-loan, and the loan will bear interest on a daily basis according to the actual days spent. And a single payment can adopt repayment methods such as one-time repayment of principal and interest and monthly repayment of principal and interest.
The above is about "will BOC e-loan check the flow of funds?" . Generally speaking, it is very possible to inquire about the use of post-loan funds of BOC e-loan, so everyone will use it for designated purposes after application, so don't violate product regulations.