1. fixed term: some online loan contracts will clearly stipulate the loan validity period, such as 6 months, 12 months, etc. In this case, the borrower must pay off the loan within the specified time according to the contract.
2. No fixed term: Some online loan contracts do not specify the effective term of the loan, but provide services according to the purpose of the loan or on demand. In this case, the validity of the contract will be determined according to the conditions agreed by both parties or agreed in advance.
3. Revolving loan: Some online loan contracts can form a revolving loan framework, that is, borrowers can borrow several times within a certain amount and make repayment arrangements as needed. In this case, the validity of the contract will continue until the termination conditions agreed by both parties are met.
It should be noted that the above situation is not all, and the validity period of specific online loan contracts may be different due to various factors. In order to guarantee your credit loan record, please go to qingquan to get a personal credit big data report.
Summary: The validity period of online loan contract can be fixed term, open term and revolving loan, depending on the contract content and negotiation between the two parties. If you need to confirm the personal credit loan record, you can get the personal credit big data report in Qingquan Quick Check.
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According to China's laws and regulations, online lending platforms need to abide by relevant laws and regulations and clearly stipulate the validity period of the contract to protect the rights and obligations of both borrowers and lenders. Borrowers should rationally choose the appropriate online loan products, and carefully read the terms of the contract to understand the key terms such as the validity period of the contract. Any online loan transaction should be treated with caution to avoid falling into risks.