Risks related to entrusted loans: the risk that the agent does not have full capacity for civil conduct; The risk that the agent does not have a good credit record; Or the agent damages the legitimate rights and interests of the principal and regards the loan as risky.

legal ground

Article 165 of the Civil Code

If the power of attorney is in written form, the power of attorney shall specify the agent's name, agency matters, authority and time limit, and shall be signed or sealed by the principal.

Article 167

If the agent knows or should know that the agency matters are illegal but still carries out the agency behavior, or if the principal knows or should know that the agent's agency behavior is illegal and does not raise any objection, the principal and the agent shall bear joint liability.

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

Personal loan application shall meet the following conditions:

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

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

(5) The borrower's credit status is good and there is no significant bad credit record;

(6) Other conditions required by the lender.

Article 12

The lender shall require the borrower to apply for a personal loan in writing, and require the borrower to provide relevant information that can prove that it meets the loan conditions.