Legal analysis: Formal online lending companies are legal and protected by law. Loan processing conditions: 1, China citizens with permanent residence in China, permanent residence in local towns and full capacity for civil conduct, 18-65 years old. 2. Have a good occupation with a just and stable income and the ability to repay the principal and interest of the loan on schedule. 3. Abide by laws and regulations, and have no illegal acts and bad credit records. 4. The purpose of the loan is clear, in line with state regulations, and relevant certificates can be provided. 5. Other conditions stipulated by the bank.
Legal basis: Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases: If the p2p online lending platform provider explicitly provides a guarantee for the loan through websites, advertisements and other media or has other evidence, the people's court may, at the request of the lender, judge the P2P online lending platform provider to assume the guarantee responsibility.