However, if the loan provides false information and supporting documents, it may be suspected of loan fraud and may go to jail.
Article 193 of China's Criminal Law stipulates that anyone who defrauds a bank or other financial institution of loans for the purpose of illegal possession under any of the following circumstances shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan;
If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan;
If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:
(a) fabricating false reasons such as introducing funds and projects;
(two) the use of false economic contracts;
(3) using false documents;
(four) the use of false proof of property rights as a guarantee or repeated guarantee beyond the value of collateral;
(5) obtaining loans by other means.
Extended data:
The methods used by the actor to defraud the loan are mainly as follows:
1, fabricating false reasons such as introducing funds and projects to defraud banks or other financial institutions for loans.
This situation has occurred frequently in recent years. In Shanghai alone, there have been dozens of investment fraud cases in one year. Criminals usually forge huge funds from foreign consortia or huge private deposits of "patriotic Chinese in the United States" and deposit them in banks on preferential terms to defraud banks of loans and fees. In addition, many criminals fabricated investment projects with good returns and defrauded banks and other financial institutions for loans.
2. Using false economic contracts to defraud banks or other financial institutions of loans.
In order to support production, encourage exports and increase the value of limited funds, banks or other financial institutions sometimes issue loans under economic contracts. Some criminals forged or used false export contracts or other economic contracts with good short-term output rate to defraud banks or other financial institutions of loans.
3. Using false documents to defraud loans from banks or other financial institutions.
The so-called certification documents refer to the documents needed when applying for loans from banks or other financial institutions, such as letters of guarantee and certificates of deposits. For example, a company borrows millions of yuan from another bank by issuing false deposit certificates through the staff inside the bank.
4, using false proof of property rights as a guarantee or repeated guarantee beyond the value of collateral, defrauding banks or other financial institutions of loans.
The title certificate here refers to all documents that can prove that the actor has ownership of real estate such as houses or movable property such as cars, money and bills that can be redeemed at any time. For example, the criminal Zhang used the forged real estate license of a housing development company as collateral to defraud the bank loan of10 million yuan.
5. Cheating loans from banks or other financial institutions by other means.
This "other method" refers to forging the official seal and seal of the unit to defraud the loan; Using counterfeit money as collateral to defraud loans; Borrow first and then use fraudulent means to refuse to repay the loan. The spirit of this provision is that no matter what method the perpetrator uses to defraud the loan, he should be investigated for criminal responsibility according to this crime.
References:
Baidu encyclopedia-loan fraud