Handling of 5,000 yuan ID card loan:

1. The party concerned should repay the loan on time, otherwise high late fees, penalty interest and other additional fees will be incurred;

2. After the party has completed repayment, he or she can decide whether to close the loan based on his or her actual situation;

3. If the party uses his or her ID card to obtain a loan, he or she should pay attention to protecting personal information and privacy.

Legal Basis

Article 11 of the "Interim Measures for the Administration of Personal Loans"

Personal loan applications should meet the following conditions:

( 1) The borrower is a citizen of the People's Republic of China with full capacity for civil conduct or an overseas natural person who complies with relevant national regulations;

(2) The purpose of the loan is clear and legal;

( 3) The amount, term and currency of the loan application are reasonable;

(4) The borrower has the willingness and ability to repay;

(5) The borrower has good credit status and no Major bad credit record;

(6) Other conditions required by the lender.