It is not illegal for a loan intermediary to introduce other people's loans. But if you get the customer's phone number and personal information and sell it, it is illegal. Those who create false information also directly constitute economic fraud.

The main reasons why loan intermediaries are not illegal are as follows:

According to the constitution, property law, contract law, company law, guarantee law, general principles of civil law and other legal forms, it is confirmed that market entities have the right to borrow and benefit from their own funds. Article 40 of the Law of People's Republic of China (PRC) on the Promotion of Small and Medium-sized Enterprises encourages all kinds of social intermediary institutions to provide information consultation, investment and financing, loan guarantee, legal consultation and other services for small and medium-sized enterprises.

Intermediary refers to the connection between opposing poles in different things or the same thing. Opposing poles are combined through intermediary. The intermediary was polarized by the struggle of opposites, which led to the rupture of unity.

Intermediary is an organization that provides intermediary services to customers. It can't directly provide corresponding services and commodities, but it can find and arrange these services and commodities for you to choose and decide. For example, if you want to hold a small party at home, you need some professional waiters and chefs. You can find these people for you through an intermediary. You may also need a venue layout. Intermediaries can also arrange the purchase and layout of goods.

There are many intermediaries, mainly trade intermediaries (providing trade information, customers and other related information), service intermediaries (providing information on the tertiary industry, such as domestic companies), network intermediaries (providing services through the network), logistics intermediaries, real estate intermediaries (including rental and sale), used car intermediaries (all kinds of used car service information), marriage intermediaries (arranging blind date and marriage) and so on.

The so-called intermediary, from the word point of view, is "to play the role of a medium in the middle." The organization that mainly carries out intermediary activities is the intermediary. Therefore, to clarify what is intermediary, we must first understand what is intermediary activity. Generally speaking, intermediary activities refer to the activities of intermediaries (natural persons or legal persons) to help Party A and Party B reach an agreement/contract. In the intermediary process, it involves signing, publishing, looking for the client's partner, coordinating the signing of the contract between Party A and Party B, helping to complete the signing and recourse, and getting paid. The intermediary's task is to find partners for customers and play the role of temporary coordinator, rather than the substantive partners or buyers and sellers that any party wants.