Legal analysis: There are two ways to cancel the loan: 1. You can cancel your application at any time before clicking "Confirm Loan and Pay"; 2. If we want to terminate the loan after confirming the payment, we need to negotiate with the institution to terminate the service. We will deal with the bill problem after the institution initiates the loan refund application. Because when the money spent on applying for a loan is approved, we will pay the funds to the institution in one lump sum instead, and there is no way to ask the institution to refund the money unilaterally, so we need to initiate a loan withdrawal from the institution. After the agency passes, the money spent will not stop, and the loan will be refunded in real time.

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

Article 577 Where a party fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the contract, it shall be liable for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.

Article 578 Where a party expressly expresses or shows by his own behavior that he will not perform his contractual obligations, the other party may request him to bear the liability for breach of contract before the time limit for performance expires.