1.** Fraud * *: The lender intentionally conceals the truth or provides false information during the loan process to trick the victim into signing the contract.
2.** High interest and fees * *: Lenders often set high interest rates far higher than the market interest rate, as well as various complicated and expensive fees.
3.** Unfair Contract * *: The loan contract contains clauses that are extremely unfavorable to the lender, such as arbitrarily changing the terms of the contract and excessively high liquidated damages.
4.** Illegal means * *: Use threats, intimidation, violence and other illegal means to collect loans.
5.** Seize the property * *: The ultimate goal of the lender is to rob the victim's property, not really provide loan services.
The determination of routine loan fraud needs to be judged according to the facts and legal provisions of specific cases. If it involves routine loan fraud, it is suggested to report the case to the local public security organ in time, seek the help of legal professionals and safeguard their legitimate rights and interests.
I hope the above content can help you. Please consult a professional lawyer if you have any other questions.
Legal basis: Article 266 of the Criminal Law.
Whoever defrauds public or private property in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.