The purpose of mortgage loan for construction in progress can only be used to continue the construction in progress. It can't be used to buy other equipment or materials.

Mortgage of construction in progress refers to the act that the mortgagor obtains the land use right together with the investment assets of construction in progress in a legal way as a loan to repay the loan. From the perspective of national macro-management, bank loans are divided into various purposes, such as working capital loans, fixed capital loans, special fund loans and so on. The purpose is to facilitate macro-control and prevent blind expansion and development. From the bank's own point of view, it reduces the loan risk.