It is the obligation of every citizen to repay the loan on time. However, if you encounter these situations, you must not repay the loan foolishly. Although it is easy to borrow and repay, borrowing again It’s not difficult, provided you have indeed taken out a loan on a regular platform and the loan has been obtained.

1. Loans not executed by myself

Due to the advent of the Internet age, our personal information is exposed online. Some criminals will use our identity information to get loans. If such a situation of "being loaned" occurs, as long as it can be proven that the party concerned has not applied for a loan and has not received any money, there is no need to repay the loan. If there are overdue records on the credit report, you can also raise an objection and explain the situation to the bank to cancel it.

2. The borrower is not clear

The borrowing institution must have a financial institution legal person license or a financial institution business license issued by the Bank, and be approved and registered by the industrial and commercial administration department. If a bank lends money, it cannot issue credit loans to relevant personnel of the bank, otherwise it will be regarded as an invalid loan, and there is no need to repay the money in this case.

3. The content of the loan contract is not clearly described

According to Article 37 of my country's "Commercial Bank Law" and Article 6 of the "Loan Contract" Regulations, the loan contract should stipulate the type of loan. , purpose, amount, profit, repayment period, method, liability for violations, etc. If the above content is violated, the contract will be invalid and no repayment will be required.

4. Signing a contract but not actually issuing a loan

If you sign/sign a contract with a lending institution but do not receive the money, in this case, the contract Invalid, no repayment required.

5. Loan contracts signed by invalid agents

Generally, the loan contract requires the person to be present to sign. If the borrower is unable to be present, the agent will sign the agreement on his behalf. However, if the agent does not have the authority to act or the agent abuses his authority to sign the agreement, then the loan will be invalid and no repayment will be required.