BOC E-loan is a personal online consumer loan launched by Bank of China, so it is both an online loan and a consumer loan.

Online lending is characterized by online application throughout the process, without offline signing. The characteristic of consumer loans is that the loan amount can only be used for consumption. Once the loan funds are illegally used and found out by China Bank, China Bank can ask users to pay off the BOC E loan in advance.

In addition, users need to apply for BOC e-loan through formal channels to ensure the formality and security of the loan.