Advantages: It is beneficial for college students to finish their studies better or start their own businesses. Some college students have financial difficulties in their families and it is difficult to meet their financial requirements. Students can apply for funds from the online lending platform.
The threshold for applying for online loans is relatively simple, and you only need to provide your ID card and student status certificate. In terms of use, the direction of the use of funds is completely unrestricted. College students can use borrowed money to study or start a business.
Disadvantages: College students' psychology of blindly comparing with others is expanding day by day. College students' living consumption mainly depends on their parents' supply, and their consumption will be limited to some extent. At this time, some college students will be attracted by online loan information. Online loans have further encouraged their comparison and hedonism.
Secondly, excessive consumption in advance affects college students' studies and future. Many people spend unreasonably, and even get heavily in debt, which affects their studies.
Terms of the loan agreement:
Article 10 of the Supreme People's Court's Opinions on the Trial of Lending Cases by People's Courts: The loan relationship formed by one party by fraud, coercion or taking advantage of the danger of others in violation of its true meaning shall be deemed invalid.
Article 11 of the Supreme People's Court's Opinions on People's Courts Handling Lending Cases: Lenders know that borrowers borrow money for illegal activities, and their lending relationship is not protected.
Refer to the above content: Baidu Encyclopedia-Online Loan