Legal basis: Civil Code of People's Republic of China (PRC).
Article 196 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
Article 197 A loan contract shall be in written form, unless otherwise agreed between natural persons.
The contents of the loan contract include the loan type, currency, purpose, amount, interest rate, term and repayment method.