Legal analysis: illegal, serious may constitute the crime of defrauding loans. The crime of defrauding loans refers to the act of obtaining loans from banks or other financial institutions by deception, which causes heavy losses to banks or other financial institutions or has other serious circumstances.

Legal basis: Article 10 of the Criminal Law Amendment (VI) of People's Republic of China (PRC) adds one article after Article 175 of the Criminal Law as one of Article 175: "Whoever obtains loans, bill acceptance, letters of credit, guarantees, etc. and cheats banks or other financial institutions, causing heavy losses to banks or other financial institutions or other serious circumstances, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also or shall only be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and fined. " If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph. "