1, although it is not illegal to buy a fund by loan, it is illegal. The regulatory authorities have clearly stipulated that bank credit funds are not allowed to flow into the securities market in violation of regulations. Once the act of buying a fund with a loan is discovered by the bank, the loan will be recovered immediately. Not only that, the installment business of other loans or credit cards under the user name will also be cancelled, and the amortization principal and installment fee of the remaining installments need to be settled immediately.

2. Legal basis: Article 36 of People's Republic of China (PRC) Commercial Bank Law.

When a commercial bank lends money, the borrower shall provide a guarantee. Commercial banks should strictly examine the repayment ability of guarantors, the ownership and value of collateral, and the feasibility of realizing collateral.

After examination and evaluation by a commercial bank, it is confirmed that the borrower has a good credit standing and can repay the loan, and no guarantee may be provided.

Article 39

Commercial bank loans shall comply with the following provisions on the management of asset-liability ratio:

(1) The capital adequacy ratio shall not be less than 8%.

(2) The ratio of the balance of current assets to the balance of current liabilities shall not be less than 25%.

(3) The ratio of the loan balance to the capital balance of a commercial bank to the same borrower shall not exceed 10%.

(4) Other provisions of the State Council Banking Regulatory Authority on the management of asset-liability ratio.

If the asset-liability ratio of a commercial bank established before the implementation of this law does not meet the provisions of the preceding paragraph after the implementation of this law, it shall meet the provisions of the preceding paragraph within a certain period of time. Specific measures shall be formulated by the State Council.

Second, what materials are needed to apply for provident fund loans?

1, the deposit certificate of the applicant's and spouse's housing provident fund;

2. Identification certificates of the applicant and his spouse;

3. Proof of stable family income;

4, the purchase of housing contracts, agreements and other valid documents;

5. Collateral used for guarantee;

6. The provident fund center requires a third-party guarantor as a guarantee;

7. Other information required by the Provident Fund Center.