Will withdrawing loan funds from Bank of China e-Loan at ATMs multiple times lead to spot checks by the bank?

Yes. When applying for Bank of China e-Loan, there are clear requirements for product usage. The loan can be used for legitimate and reasonable personal consumption expenditures such as home improvement, car purchase, education, medical care, etc. It cannot be used for non-declared purposes and personal expenditures prohibited by laws and regulations. It definitely won't work for real estate, stock investment, or gambling.

And banks generally have post-loan management and will conduct random checks on users’ loan purposes. Therefore, once the Bank of China learns that the user’s funds have been misappropriated for other purposes or requires uploading of consumption vouchers but cannot provide them, the consequences will be serious. If it is very serious, you may be required to settle the entire amount in advance at once.

When are the post-loan inspections for bank personal loans conducted?

First of all, I’m happy to answer your questions!

Checking will begin 15 working days after the funds are used!

What happened to the head office's random inspection of loans?

The loan withdrawal mainly includes two situations. One is that the funding party does not renew the loan when it expires; the other is that the funding party discovers problems and requires the loan to be withdrawn in advance.

Loan withdrawal refers to the act of taking back the loan in advance after the bank loans to the enterprise and before the repayment period stipulated in the agreement is reached. The bank believes that there is a problem with the enterprise's operation.

The reason why investors choose to borrow money is simply because they believe that there is a certain risk in the lending process, and this risk may exceed their tolerance. In order to avoid risks, the capital side has no choice but to withdraw the loan in advance.

Once a loan is withdrawn, the borrower must repay the loan on time according to the bank's requirements. Otherwise, you will most likely have to bear late payment penalties and late payment fees.

After applying for a mortgage loan from Bank of China, after submitting the documents, will the bank call me to verify when it is approved? What questions will the bank ask me if you call me

Bank of China will conduct a comprehensive assessment of the credit status and solvency of the applicant and guarantor, and conduct interviews, telephone verifications, and home visits. Conduct pre-loan investigation and complete customer information verification. After your loan application is accepted, appropriate approval will be carried out. If you need further information, please consult the Bank of China loan agency for details.

The above content is for your reference, please refer to actual business regulations.

In the post-loan inspection stage, what should the bank do

Whether the loan is used according to the purpose specified in the loan contract; whether the loan can receive expected benefits; whether the enterprise's production, supply and marketing and market conditions are correct There are no unexpected changes; whether the company's liquidity is intact; whether the collateral remains intact. Post-loan inspection is post-credit supervision, which is interconnected and complementary to pre-loan investigation and on-loan review, and plays an important role in loan quality management.

Post-loan management is also called post-credit management. Specifically, it is the entire credit management of banks or other financial institutions from the time the loan is issued or other credit business occurs until the principal and interest are recovered or the credit is terminated. Post-loan management is the final step in bank credit business, and it is also an important step. The key points of bank post-loan inspection include:

1. Daily management is to track, manage, query and analyze the loans issued, specifically including the loan desk Accounts, daily notices on loans, custody of pledges (collaterals), post-loan inspections (mainly for fund purposes) until the principal and interest of the loan are settled.

2. To clear the account and remove the mortgage, after the borrower repays the principal and interest of the loan as scheduled, the credit department should write down the "Register of Collateral and Warrants" and issue written materials to the accounting department and the custody department. This After the two departments verify that everything is correct, they will go through the procedures for liquidating the account and withdrawing the deposit.

3. File management. After handling each loan, credit handling personnel should regularly sort out the collected materials. The original and copy of the contract should be handed over to the file administrator and the dedicated person of the credit department for safekeeping. After the loan principal and interest are recovered, all files will be archived and handed over to the archivist for safekeeping.

Extended information

Compared with the loan review and loan approval process, there are currently no specialized agencies and personnel to implement post-loan inspection work, and it is basically the responsibility of the credit operation department.

Since the credit operation department is also responsible for credit marketing, corporate deposits, loan interest collection, overpayment revitalization and other basic tasks, the tasks are relatively heavy. When coordinating various tasks and business relationships, it is inevitable that post-loan inspections will sometimes be neglected. No corresponding manpower and material resources have been invested, thus reducing the quality of post-loan inspection work

There is insufficient training for credit practitioners on how to conduct post-loan inspection work. "Quality starts with people" and "people-oriented" are basic management concepts. Especially in post-loan inspection management work, the quality of people is particularly important. It requires post-loan inspectors to have a broad range of knowledge. They must not only understand national macroeconomic policies and industrial policies, but also have certain business management common sense and financial knowledge.

Secondly, in the face of a large amount of information collected during the investigation, post-loan inspectors must have strong comprehensive judgment and analysis capabilities and the ability to detect risks in a timely manner, and put forward corresponding countermeasures and opinions. To enhance capabilities in this area, it is not enough to simply rely on credit practitioners to improve themselves at work. Training in this area also needs to be strengthened.