16 years old can't borrow money. According to the regulations of China Banking Regulatory Commission, individual loan borrowers must be at least 18 years old, have full capacity for civil conduct and have a fixed income before they can make loans.

When making a loan, we should pay attention to preparing relevant certification materials in advance, carefully read the provisions of the loan contract, and carefully check whether there are omissions and inaccuracies in the terms of the contract to avoid harming our own interests.