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Is it illegal to lend money to others after taking out a loan?

1. Is it illegal to lend money to others after taking out a loan?

As long as the bank lends money to you, you can use the money at will as long as you pay it back

2. Is it illegal to lend a personal loan to others?

Legal analysis: Is it illegal to lend a loan to others? This is not explicitly stipulated, but it violates the rules for the use of loan funds and increases the risk. Difficulty in recovering funds. And if it is lent to others for illegal and criminal activities, the borrower will be held criminally responsible. The important thing is that if the loan money is lent to others, once the others fail to repay the loan in time, the lending institution will only pursue debt collection from the borrower and will not care who actually uses the money.

Legal basis: Article 669 of the "People's Republic of China and Civil Code" When entering into a loan contract, the borrower shall provide information on business activities and financial status related to the loan as required by the lender. Real situation.

3. Is it illegal to lend money to others after taking out a loan?

As long as the bank lends money to you, you can use the money at will as long as you pay it back