A multifunctional load stimulation test stand comprises a base, a load steering engine, a load steering engine fixing lug base, a load steering engine front-and-back position adjusting wedge block, a load steering engine left-and-right position adjusting block, a pull pressure sensor, a connecting flange, a load steering lug ring shaft, a middle inertia block, a measured steering engine output shaft, a measured steering engine, a measured steering engine installing plate, a rack, a gear, a gear shaft, a gear shaft support, a rolling bearing, a middle bracket, an inertia disc, an anti-rotation cross, a threaded end cap, a lateral force prevention guide wheel, a load steering engine output shaft, an adaptor, a dowel, a guide wheel baffle, a gear shaft support bearing, a load steering engine left-and-right position adjusting screw and a measured steering engine lug ring shaft. By the adoption of the test stand, the performance of the measured steering engine is accurately and reliably tested through the simplest structure and operation most convenient to conduct and at lowest using cost. The multifunctional load stimulation test stand has the advantages of being convenient to demount and mount and high in universality of an installing conversion structure, and can also be suitable for other equipment needing loading.