The danger of borrowing money from underground banks is that if the loan is not paid off, triad members will be used in the dunning, which will cause personal injury to the borrower.

Try not to borrow money from underground banks unless you need it urgently.

Private lending refers to lending between citizens, between citizens and legal persons, and between citizens and other organizations. As long as the intentions of both parties are true, it can be considered as valid, and the mortgage generated by the loan is also valid accordingly, but the interest rate shall not exceed the relevant interest rate stipulated by the People's Bank of China.

Private lending is divided into private individual lending activities and lending between citizens and financial enterprises. Private individual lending activities must strictly abide by the relevant provisions of national laws and administrative regulations, and follow the principles of voluntary mutual assistance, honesty and credit.

In a narrow sense, private lending refers to the civil legal act of citizens borrowing money or other valuable securities according to the agreement. In addition to the above, folk lending in a broad sense also includes money or securities lending between citizens and legal persons and between citizens and other organizations. In real life, it usually refers to private lending in a narrow sense.