Campus loans, well, to be precise, are not illegal. Only for non-bank institutions such as P2P institutions and small loan institutions, campus loans are not allowed, and formal banks are still possible. However, regular banks will not do it, which is too risky, not high in income, and easy to cause trouble and not easy to provoke. It is not necessarily illegal for individuals to lend money to college students. According to relevant laws and regulations, it will constitute a crime for online lending institutions to illegally issue loans to college students, coerce college students to repay their loans by illegal means, or engage in illegal activities. Anyone suspected of malicious fraud, violent solicitation, production, sale and dissemination of obscene articles and other serious violations of laws and regulations shall be handed over to public security and judicial organs for criminal responsibility according to law.

Second, is it illegal for individuals to lend money to college students?

Private lending, as long as it is less than 4 times the bank's interest rate in the same period, is protected by law, and some interest agreements that exceed 4 times are invalid. In other words, borrowing money is obligated to repay, and it is still illegal to borrow it. You can't do something wrong just because others are wrong.

Third, is it illegal for individuals to lend money to college students?

Personal.

legal ground

According to the general principles of loans, only financial institutions approved by institutions can engage in loan business. However, if individuals borrow money from college students, it is a private lending behavior. As long as college students have full capacity for civil conduct, it is legal. But if the loan interest rate exceeds the annual interest rate, it is not protected by law.

According to the Notice on Further Strengthening the Standardized Management of Campus Loans, all students are prohibited from issuing loans. If loans are issued, it is illegal and not protected by law. It is illegal for individuals to lend money to college students. If it is private lending, if the loan interest rate exceeds the legal provisions, it is also illegal if it is campus lending.

Campus loan: refers to students' loans to various schools. The documents managed by the Ministry of Education, the China Banking Regulatory Commission and the Human Resources Department explicitly prohibit campus loan business, and no online lending institution is allowed to apply to colleges and universities.

Remember, no matter what the agreement with illegal campus loans is, the daily interest is greater than the monthly interest. As long as the monthly interest rate is 2%, which exceeds the weekly interest rate of 0.46% and the daily interest rate of 0.065%, even if it exceeds these standards, even the lender will not agree with you.

According to the calculation in the preceding paragraph, the sum of the principal and interest payable by the borrower after the expiration of the loan term cannot exceed the sum of the initial loan principal and the interest of the whole loan term calculated at the annual interest rate of 24% based on the initial loan principal. If the lender asks the borrower to pay more, the people will not support it. College students should bear in mind that "if the lender asks the borrower to pay more, the people will not support it."