1. Applying for a loan from a bank must have a clear purpose. Banks expressly stipulate that loans cannot be used for securities, futures, equity investment, etc. Therefore, it is not feasible to buy wealth management products with bank loan funds.
Besides, bank loans cannot be used for real estate development. General bank loans can only be used for personal consumption and enterprise production and operation. Loans applied by individuals are generally used to purchase large-scale consumer goods, home improvement, travel, study abroad, etc.
When people apply for a loan in the bank, they must provide the corresponding loan purpose, otherwise the bank review may not pass. If the bank loan funds are used for prohibited purposes, once discovered, the borrower will have to bear the corresponding consequences.
If you don't have any funds at present, it's important to save money first, and it's not too late to invest in financial management when you have enough funds. Although you can also borrow money from others to manage your finances, investment is risky after all, and if you lose money, you will lose more than you gain.
First, general bank loans are project mortgage loans, all of which have clear specific investment, and general lenders are not allowed to change the loan investment without authorization. Investment and financial management are not allowed. Because investment and financial management are very risky, banks are undoubtedly very clear about this.
Second, bank loans are not allowed for wealth management, which is a clear regulation made by CBRC to avoid investment risks. If you use bank loans for investment and financial management, if you are found by the regulatory authorities, you may face severe punishment from the regulatory authorities.
Third, self-investment and financial management is undoubtedly very risky. The yield of generally safe wealth management products is generally lower than the bank loan interest rate. The risk of wealth management products with high annual interest rate is really too great, and it is possible to lose everything.
At present, the benchmark annual interest rate of general bank loans has reached 4.9%. If it goes up by 20%, it will be 5.88%. If it rises by 30%, the annual interest rate is 6.37%. The existing relatively safe short-term wealth management products generally have an annual interest rate of about 4.3%, which is simply not as high as the annual interest rate of loans.
Therefore, if you go to the bank for a safer financial management, you will undoubtedly lose money. If you are engaged in high-risk and high-yield financial management, the risk of losing all your money is great. Therefore, if you illegally borrow money to manage your finances, there is no doubt that your loss risk is very large and you will face severe punishment.