Is it legal to borrow money on the online lending platform?

It is legal to borrow money on the online lending platform supervised by the relevant regulatory authorities.

If the p2p online lending platform provider explicitly provides a guarantee for the loan or has other evidence through web pages, advertisements and other media, the people's court may, at the request of the lender, judge the P2P online lending platform provider to assume the guarantee responsibility.

It can be seen that it is equivalent to "recognizing" various guarantee behaviors carried out by the P2P platform and acknowledging the legitimacy of online lending platform borrowing.

Extended data:

The loan agreement on the online lending platform belongs to electronic evidence and can be used as evidence after examination, that is, the loan agreement on the online platform can be used to exercise creditor's rights. ?

Methods of judging the legality of online loan companies;

1. Enterprise qualification and team strength, including the time of establishment, relevant certificates of the enterprise, ICP filing of the website, background of the management team, registered paid-in capital, whether it has its own technology research and development team, annualized rate of return, etc. Usually formal online loans have complete business-related documents, and the annualized rate of return is generally maintained between 12%- 18%. You can refer to Galaxy Venture Capital.

2. Guarantee mode. At present, there are three main guarantee modes of online loans: self-guarantee mode, third-party guarantee mode and unsecured mode. The third-party guarantee mode is the best. Once the financier defaults or is overdue, the third-party guarantee will be responsible for compensating the investor. This model is currently trusted and respected by mature investors.

3. The flow of funds. The essence of online lending is to provide intermediary services, and it should not involve transactions. The reason for the cash withdrawal crisis is probably because the company diverted the customers' deposited funds for its own use or other purposes.

References:

Baidu encyclopedia? -Online loan