Five major hazards of campus loans:

1. Unreasonably high interest rates. The annualized borrowing interest rate is above 15%.

2. Injuring classmates and family members around them. Some students used their identities to apply for loans for others out of favor. Once the other party is unable to repay, the remaining debt will be borne solely by the person being handled.

3. Once overdue, "all-round" reminders will be issued.

4. It is easy to develop the bad habit of borrowing money.

5. It is easy to induce other crimes. Lenders may use campus loans to defraud students of their mortgages and deposits, or use student information to engage in telephone fraud or defraud credit cards.

Although campus loans have the advantages of convenient application, simple procedures, and rapid disbursement, they also have characteristics such as lax information review, high interest rates, and high liquidated damages. Students are faced with the ever-expanding consumer desire and fluke mentality. They may fall into the trap of "serial loans", and supervision needs to be strengthened urgently.

The risk control measures of campus consumer loan platforms vary greatly, and some platforms have the risk of student identities being used fraudulently. In addition, some platforms that provide cash loans for students have difficulty controlling the flow of loans, which may lead to excessive consumption by students who lack self-control.

As the number of student online loan platforms increases, simply lowering loan interest rates and increasing loan amounts to attract attention will only make more and more student borrowers fall into the installment trap, discredit their creditworthiness, and make The profitability of the platform decreased, resulting in losses.