Legal analysis: 1. The standard of "significant loss" in the crime of defrauding loans is 200,000 yuan, that is, if the borrower fails to repay the loan after being defrauded, resulting in losses of more than 200,000 yuan for banks or financial institutions, the crime of defrauding loans can be established. The identification of "other serious circumstances" is the situation of defrauding banks or financial institutions for loans of more than 1 10,000 yuan, defrauding banks or financial institutions for many times and "other serious circumstances".

2. According to Chinese laws, banks or other financial institutions obtain loans, bill acceptance, letters of credit, letters of guarantee, etc. Whoever commits fraud and causes heavy losses to banks or other financial institutions or has other serious circumstances shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

Legal basis: Obtaining loans, bill acceptance, letters of credit, guarantees, etc. in Article 175 of the Criminal Law of People's Republic of China (PRC). Whoever defrauds a bank or other financial institution of funds, thus causing heavy losses to the bank or other financial institution or other serious circumstances, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.