1. Is campus loan legal or illegal? Campus loan is a kind of loan and belongs to credit loan. If it is obtained through a formal loan, the interest is within the scope prescribed by the state and can be applied for. Now the so-called "campus loan" has become a means for criminals to make huge profits. Campus loan, also known as campus online loan, is a financial service for college students. College students can apply for a certain amount of credit loans by completing the loan process operations such as submitting personal identity information, reviewing and paying a certain handling fee on the campus loan platform through the Internet. Campus loans are highly sought after by college students because they don't need any guarantees and qualifications.
Two, campus loans can be strictly divided into five categories:
(1) e-commerce platforms with e-commerce background-credit services provided by traditional e-commerce platforms such as Taobao and JD.COM, such as ants borrowing flowers and white bars on JD.COM campus;
(2) Consumer finance companies-such as interesting staging and arbitrary staging. , some also offer a lower withdrawal amount;
(3)P2P loan platform (online loan platform), which is used to help college students start businesses, such as famous school loans. Due to national regulatory requirements, most formal online lending platforms, including prestigious school loans, have suspended campus loan business;
(4) Offline private lending-private lending institutions and lenders, commonly known as usury. Usury usually carries out false propaganda, offline contracts, illegal intermediaries, and charges ultra-high interest rates. At the same time, there are problems such as violent collection, and victims usually suffer huge property losses and even threaten their own safety.
(5) Banking institutions-campus products provided by banks for college students, such as "lightning loan for college students" of China Merchants Bank, "Golden Bee Campus Express loan" of China Construction Bank and "Learning E loan" of Qingdao Bank. As adults with independent behavior, college students should use campus loans rationally, and only borrow the borrowed money and spend it where it should be spent to ensure personal credit and property safety. In a word, the initial reason for the emergence of campus loans is to facilitate students to spend money in areas that students should consume, but the existence of illegal campus loans has taught students vanity in the face of high interest rates. Students with loan needs should rationally face all campus loans.
Legal basis: People's Republic of China (PRC) Criminal Law.
Article 266 Whoever defrauds public or private property in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.
Article 274 Whoever extorts or extorts public or private property in a relatively large amount or repeatedly extorts or extorts money shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years and fined.