Of course there is. Private lending is just a way of lending between two people. As long as someone is willing to borrow, two people can complete private lending after signing the relevant contract. This threshold is relatively low.

Correlation extension

Liability for breach of contract:

1, the borrower's liability for breach of contract

(1) If the borrower fails to use the loan as stipulated in the contract, the lender has the right to recover part or all of the loan. If the loan is used in violation of the contract,

Points, according to the bank's interest rate plus penalty interest.

(2) If the borrower fails to repay the loan within the time limit, the lender has the right to recover the loan and pay the interest of 1% on a daily basis from the due date.

(3) If the borrower uses the loan to cause losses and waste or uses the loan contract to engage in illegal activities, the lender shall recover the principal and interest of the loan, and the relevant units shall investigate the administrative and economic responsibilities of the person directly responsible. If the circumstances are serious, criminal responsibility shall be investigated by judicial organs.

2, the lender's liability for breach of contract

(1) If the lender fails to provide the loan on schedule, it shall pay the borrower liquidated damages according to the amount of default and the number of days of delay. The calculation of the amount of liquidated damages is the same as that of the borrower's penalty interest.

(2) those who use the loan contract for illegal activities shall be investigated for administrative and economic responsibilities. If the circumstances are serious, criminal responsibility shall be investigated by judicial organs.