Can Xiang Xing loan be used for hotel consumption?

"Xiang Xing Loan" is an online personal consumption loan product launched by Industrial Bank of China. Loan products can be used to meet personal short-term consumption needs, such as tourism, education, decoration and so on. As for whether to support hotel consumption, it depends on the relevant description and application conditions of Industrial Bank's "loan to Star" products.

Generally speaking, banks will require that the use of loan funds must meet the consumption scope stipulated by banks, and consumer merchants must have business qualifications and comply with relevant laws and regulations. You can inquire about the scope of specific loan products and the requirements of consumers in official website of Industrial Bank, or consult the tellers or customer service staff of the local Industrial Bank to confirm whether the loan products can be used for hotel consumption. In addition, when applying for a loan, the bank will conduct credit evaluation, capital flow audit and other procedures, requiring the lender to have certain credit standing and repayment ability. It is suggested that adequate financial planning and budget should be made before consumption, and appropriate consumption mode and loan amount should be selected according to one's repayment ability.