A loan contract refers to a contract in which the parties agree that one party will transfer the ownership of a certain kind and quantity of currency to the other party, and the other party will return the similar kind and quantity of currency within a certain period of time. 1. If the borrower takes it as collateral and cannot repay the lender's loan at maturity, the lender has the right to dispose of the collateral. If the borrower repays the loan in full when due, the lender shall return the collateral to the borrower. 2. The borrower must use the loan according to the purpose stipulated in the loan contract, and shall not use it for other purposes or engage in illegal activities. The borrower must repay the principal and interest within the time limit stipulated in the contract. 4. The borrower has the obligation to accept the lender's inspection, supervise the use of the loan, and understand the borrower's plan implementation, business management, financial activities, material inventory, etc. The borrower shall provide relevant plans, statistics, financial and accounting statements and materials. 5. When a guarantor is needed, the guarantor has the right to recover from the lender after performing joint and several liabilities, and the lender has the obligation to repay the guarantor.

Legal objectivity:

Article 400 of the Civil Code stipulates that the parties shall conclude a mortgage contract in writing when establishing a mortgage. A mortgage contract generally includes the following clauses: (1) the type and amount of secured creditor's rights; (2) The time limit for the debtor to perform the debt; (3) The name and quantity of the mortgaged property; (4) the scope of the guarantee.