If it is illegal for an educational institution to cheat or cover up illegal purposes in a legal form, it can claim that the loan contract is invalid through litigation. In order to attract students, some education and training institutions "fool" students who can't afford to pay tuition fees by installment payment through deception or inducement. In fact, they have applied for loans on the registered student financial platform, and many students have different degrees of debt. Once the refund is made, there will be disputes with financial institutions. Before signing the training contract, you must read the terms of the agreement clearly and keep the evidence such as the contract and invoice for later rights protection.

Definition of installment loan:

Installment loan is a loan that the bank allows the borrower to repay in installments within a certain period of time. When issuing such loans, banks must investigate the borrower's financial situation and repayment ability, and at the same time, they must determine the time of repayment in installments, the amount of repayment in each installment and the calculation method of interest in the loan contract. For the borrower, this method not only meets the demand for a large sum of money, but also reduces the interest burden of installment repayment. For banks, it not only provides loans, increases income, but also speeds up the turnover of loans and reduces the risk of installment repayment.

Definition of online loan:

Online lending is also becoming a trend. With the advantage of the Internet, all the steps of loan application can be completed without leaving home, including understanding the application conditions of various loans, preparing application materials and submitting loan applications, which can be completed efficiently on the Internet.

The risks of online lending are as follows:

1, the virtual nature of online transactions makes it impossible to authenticate the credit status of both borrowers and borrowers, which is prone to fraud and breach of contract disputes.

2. A lot of lender information published on the Internet platform is in the name of "loan company" and "financing company". In fact, financial institutions must be approved by the state to engage in financial services such as credit financing. Those who engage in financial activities without authorization are often investigated for "illegal fund-raising" and "illegal absorption of public deposits" and disrupting the order of financial management.

3. If loans are issued on behalf of the network platform, if the network platform neglects self-discipline, or the internal control procedures fail, or are used by others, there may be cases of fabricating loan information and illegally raising funds.