Legal analysis: the condition of the project contract loan is that the project has obtained the land certificate and building permit, and its own funds account for more than 25% of the total investment. The purpose of mortgage loans for projects under construction is the funds needed for the continued construction of projects under construction. Previously, credit customers were not allowed to guarantee other people's debts with projects under construction, nor were they allowed to guarantee other purposes with their own debts. They could only guarantee loans to obtain funds for the continued construction of projects under construction.

Legal basis: Article 7 of the Law of People's Republic of China (PRC) Commercial Bank, when a commercial bank conducts credit business, it shall strictly examine the credit standing of the borrower, implement the guarantee and ensure the timely recovery of the loan. Commercial banks recover the due principal and interest of loans from borrowers according to law, which is protected by law.