Legal analysis: If a loan contract is signed, but the loan company fails to pay you the money, then the contract can be terminated. You can even ask the loan company to bear the liability for breach of contract and even compensate you for your losses.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 961 An intermediary contract is a contract in which the intermediary reports to the client the opportunity to conclude a contract or provides media services for concluding a contract, and the client pays the remuneration.

Article 962 The broker shall truthfully report to the client the matters related to the conclusion of the contract.

If the broker intentionally conceals important facts related to the conclusion of the contract or provides false information, which harms the interests of the client, he shall not ask for payment of remuneration and shall be liable for compensation.