The Interim Measures for the Administration of Personal Loans have corresponding provisions:

Rule number two People's Republic of China (PRC) and banking financial institutions established in China with the approval of China Banking Regulatory Commission (hereinafter referred to as lenders) shall abide by these Measures when engaging in personal loan business.

The term "personal loan" as mentioned in these Measures refers to the local and foreign currency loans issued by the lender to qualified natural persons for personal consumption, production and operation.

Extended data:

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Relevant laws and regulations of Interim Measures for the Administration of Personal Loans:

Article 27? Lenders should strengthen the management of loan issuance, follow the principle of separation of examination and loan, set up an independent loan management department or post, and be responsible for implementing the loan conditions and issuing personal loans that meet the agreed conditions.

For personal loans within one year (inclusive), the cumulative extension period shall not exceed the original loan period; For personal loans of more than one year, the cumulative extension period and the original loan period shall not exceed the maximum loan period stipulated by the loan variety.

Article 28? Personal loans issued with certificates of deposit, treasury bonds or other financial products recognized by China Banking Regulatory Commission as collateral, as well as personal loans issued by non-bank financial institutions such as consumer finance companies and auto finance companies, can be implemented with reference to these measures.

Baidu Encyclopedia-Interim Measures for the Administration of Personal Loans