Legal analysis: the online loan application has passed, but the money has not been received, so there is no need to repay it. The entry into force of a loan contract requires money to the account designated by the borrower. If it does not reach the designated account, the loan contract will not take effect.

Legal basis: Article 9 of the Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases can be regarded as having the entry into force of the loan contract between natural persons as stipulated in Article 210 of the Contract Law in any of the following circumstances:

(a) Pay in cash from the date when the borrower receives the loan;

(2) If the payment is made by bank transfer, online electronic remittance or online loan platform, it shall be counted from the time when the funds reach the borrower's account;

(3) If it is delivered by bill, from the date when the borrower obtains the bill right according to law;

(4) When the lender authorizes the borrower to control a specific fund account, the borrower obtains actual control over the account;

(5) The lender provides the loan in other ways agreed with the borrower and actually performs it.