The CBRC issued a risk reminder - Watch out for illegal loan intermediaries to induce consumers to transfer loans in violation of regulations. The CBRC today issued a warning about the risk of illegal loan intermediaries to induce consumers to transfer loans in violation of regulations, reminding consumers to watch out for illegal intermediary inducements, recognize the risks behind illegal transfer loans, and prevent legal rights and interests from being infringed. Recently, some illegal intermediaries have explored "business opportunities", introduced housing loan to business loan to consumers, claimed that they can "reduce interest rates by transferring loans", induced consumers to use intermediary bridge funds to settle housing loans, and then went to the bank to handle business loans to repay bridge funds. However, the operation of replacing housing loans with business loans hides risks such as breach of contract, high charges, impact on personal credit, capital chain rupture, and infringement on information security. According to the relevant regulatory provisions, the business loan must be used for production and operation turnover, and the bank and consumer loan contract will clearly stipulate the purpose of the loan. However, under the "re lending" operation, if the bank finds that the operating loan fund is not used as agreed in the contract, the consumer will ultimately bear the responsibility for breach of contract, which may not only be required by the bank to repay the loan in advance, but also affect personal credit investigation. In addition, in the process of handling business loans, illegal intermediaries claimed that they could provide services for handling various certificates and materials, and "help" consumers to apply for loans. In fact, they obtained the qualification to apply for business loans by means of forging running water, packaging shell companies, etc. This behavior is suspected of defrauding bank loans, and consumers may even be investigated for relevant legal responsibility. The so-called "re lending and interest rate reduction" of illegal intermediaries requires consumers to settle the housing mortgage loan first, and then handle the business loan with the housing as collateral. In order to seek illegal interests, illegal intermediaries often encourage consumers to use the bridge funds of intermediaries to repay the remaining housing loans, and collect high fees in various names, such as bridge interest, service fees, and handling fees. The comprehensive capital cost of consumers after "re lending" may be higher than the normal interest rate level of housing loans. Even if the final application for business loan fails, consumers will still be required by the intermediary to bear the above high costs, and will also bear the repayment pressure of high interest bridge funds. (Outlook New Times)