1. Any contract for refinancing through bank loans is invalid. If the circumstances are serious, it may constitute a crime of usury! Bank loans are easy to understand, that is, using some fake projects or businesses to obtain bank loans or other credit help. The key point is that this way of obtaining loans is deceptive and illegal.

2. Legal basis: Article 14 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases.

In any of the following circumstances, the people's court shall deem the private loan contract invalid:

(a) to obtain credit funds from financial institutions and lend them to borrowers at high interest rates, and the borrowers knew or should have known in advance;

(2) The borrower knows or should know in advance that the funds obtained by borrowing from other enterprises or raising funds from employees of the unit are lent to the borrower for profit;

(3) The lender knows in advance or should know that the borrower is still providing loans for illegal and criminal activities;

(4) Violating public order and good customs;

(five) other violations of the mandatory provisions of laws and administrative regulations.

Second, what are the other legal consequences after obtaining funds from financial institutions for lending?

Other legal consequences of obtaining funds from financial institutions for lending are as follows:

1. The contract between the sub-lender and the financial institution is valid. According to the principle of contract relativity, although the private loan contract between the sub-lender and the borrower is invalid, it does not affect the validity of the loan contract between the sub-lender and the financial institution, and it still needs to bear the obligations of the loan contract. Because the sub-lender violates the requirements and agreements of the loan contract on observing the actual use of the loan funds, the financial institution may require the sub-lender to bear the liability for breach of contract. Or there is a risk that the subprime lender will be included in the bad credit report because it can't repay the bank loan in time after the lawsuit;

2. Lenders may face criminal punishment for taking loans from financial institutions.