Legal analysis: down payment loan refers to the loan of down payment funds provided by real estate agents or financial institutions for buyers in the case of insufficient down payment funds. The Ministry of Housing and Urban-Rural Development of China, together with the Central Bank and the China Banking Regulatory Commission, issued a document, demanding that illegal "down payment loans" be strictly prohibited, and resolutely cracking down on illegal acts of real estate agents, internet financial institutions and small loan companies, and put forward a series of targeted substantive punishment measures.
Legal basis: Article 1 of the Opinions on Handling Criminal Cases of Illegal Lending violates state regulations, or goes beyond the scope of business for the purpose of making profits, and regularly issues loans to unspecified social objects, disrupting the order of the financial market. If the circumstances are serious, he shall be convicted and punished for the crime of illegal business operation in accordance with the provisions of Item (4) of Article 225 of the Criminal Law.