Bank off-book loans refer to borrowers obtaining loans from informal channels other than banks. This type of loan refers to borrowing behavior that does not apply for and lend money through the bank credit system or other formal financial institutions. It usually comes in the form of loans from unofficial channels such as private loans, loan sharks, and black market loans.

Although bank off-book loans are convenient and fast, their interest rates are often high, they do not have legal protection and supervision, and they also involve greater risks. The amount of a bank's off-book loan may depend on unstable factors such as the borrower's credit status and debt record; its repayment method is not strictly subject to contractual constraints and legal regulations. This type of loan has many implicit risks that cannot be believed, and there are also many risks. Big illegal nature.

Bank off-book loans are not recommended as normal loans because of their higher interest rates and greater illegal risks. However, in some extreme situations and emergency funding needs, bank off-book loans also have their own risks. Applicable fields. For example, in scenarios involving emergency medical care, education, industrial and commercial operations, etc., if your application for a loan is rejected under legal conditions such as continuous queuing, you can choose to use bank off-book loans to solve the problem.