I. Loans not executed by me
With the continuous development of the Internet, personal information is flying all over the sky, and privacy leakage is very serious. Some criminals will use our identity information to borrow money. If there is such a "loan", as long as it can be proved that the parties have not applied for a loan and have not received the money, there is no need to repay. If there are overdue records in the credit report, you can also raise objections and explain the situation to the bank for cancellation.
Second, institutions do not have the qualification to lend.
Borrowing institutions must be issued with legal person licenses or business licenses of financial institutions, and approved and registered by the administrative department for industry and commerce. Bank loans are not allowed to give credit loans to bank-related personnel, otherwise they will be regarded as invalid loans, in which case there is no need to pay back the money.
Third, the loan contract is not clearly described.
According to Article 37 of China's Commercial Bank Law and Article 6 of the Regulations on Loan Contracts, a loan contract shall stipulate the loan type, purpose, amount, income, repayment period, method, liability for breach of contract, etc. If the above contents are violated, the contract is invalid and there is no need to repay.
Four, signed a contract, in fact, no loans.
If a contract is signed/signed with a lending institution, but no money is received, in this case, the contract is invalid and no repayment is required.
Verb (abbreviation of verb) invalid loan contract signed by agent
Generally, loan contracts need to be signed in person. If the borrower is unable to attend, the agent will sign the agreement on his behalf. However, if the agent has no right to sign the agreement on behalf of or abuse his power, then the loan is invalid and does not need to be repaid.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.