Named loans are punished for fraud. From a legal point of view, this kind of behavior infringes on other people's property. According to relevant laws and regulations, the minimum penalty for loan fraud is fixed-term imprisonment of not more than five years or criminal detention, and a fine; If the amount involved is especially huge and the circumstances are particularly serious, the longest sentence can be life imprisonment, fines and confiscation of personal property.

What's the difference between a title loan and a fake loan?

1. Fake loans refer to the behavior that employees of banks and other financial institutions take advantage of their positions to issue loans in the name of others (or units) or fictitious names, extort loans from others (or units) by taking advantage of their powers, and intercept all or part of the loans for corruption or misappropriation for personal use.

2. Named loan refers to the loan that the internal staff of the credit union will handle the normal procedures for relatives and friends who do not meet the requirements in their own names, and the loan will be used by their relatives and friends.

3. Fake loans include top-level loans.

Conditions for bank loans:

1. A China citizen who has a permanent residence, permanent residence or valid residence certificate at the place where the loan bank is located, is under 65 years of age (inclusive) and has full capacity for civil conduct.

2 have a legitimate occupation and stable income, and have the ability to repay the principal and interest of the loan on schedule.

3. Have a good credit record and willingness to repay, and no bad credit record.

4. It can provide legal, effective and reliable guarantees recognized by banks.

5. There is a clear loan purpose, and the loan purpose is in compliance with relevant regulations.

6. Other conditions stipulated by the bank.

legal ground

Article 193rd of the Criminal Law of People's Republic of China (PRC) commits one of the following acts. Whoever defrauds a bank or other financial institution of loans for the purpose of illegal possession, if the amount is relatively large, 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.