The way to deal with online loans wanting to terminate the contract is as follows: the parties can terminate the contract through consultation; Can be terminated due to the agreed reasons for the termination of the contract; It can also be terminated because the purpose of the contract cannot be achieved due to force majeure. However, if the parties terminate the contract, they should inform the other party in time, or terminate the contract through litigation or arbitration.

legal ground

Article 562 of the Civil Code

The parties may terminate the contract if they reach an agreement through consultation.

The parties may agree on the reasons for one party to terminate the contract. When the cause of termination of the contract arises, the creditor may terminate the contract.

Article 563

In any of the following circumstances, the parties may terminate the contract:

(a) the purpose of the contract cannot be achieved due to force majeure;

(two) before the expiration of the time limit for performance, one of the parties clearly stated or indicated by his own behavior that he would not perform the main debt;

(three) one party delays the performance of the main debt, and fails to perform it within a reasonable period after being urged;

(5) Other circumstances stipulated by law.

Article 565

If one party claims to terminate the contract according to law, it shall notify the other party.

If one party brings a lawsuit or applies for arbitration to claim the termination of the contract without notifying the other party, and the people's court or arbitration institution confirms this claim, the contract shall be terminated when the complaint or a copy of the arbitration application is served on the other party.