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Is online lending illegal?
It is a crime to help people get loans by cheating on the Internet. The borrower shall, in accordance with the requirements of the lender, provide true information about the business activities and financial situation related to the loan. Don't cheat loans by cheating or hiding.

legal ground

Article 193 of the criminal law

Under any of the following circumstances, whoever defrauds a bank or other financial institution for the purpose of illegal possession, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; 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 not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:

Fabricating false reasons such as introducing funds and projects;

(two) the use of false economic contracts;

Using false documents;

(four) the use of false proof of property rights as a guarantee or repeated guarantee beyond the value of collateral;

(5) obtaining loans by other means.

Article 667 of the Civil Code

A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.