Legal analysis: There are two ways to cancel the loan: 1. You can cancel the application at any time before clicking "Confirm Loan and Pay"; 2. If we want to terminate the loan after confirming the payment, we need to negotiate with the institution to terminate the service. After the organization initiates the loan repayment application, we will deal with the bill problem. Because the money spent on applying for a loan has passed, we will pay the funds to the institution in one lump sum, and there is no way to unilaterally ask the institution to refund the money, so we need to initiate a loan refund to the institution. After the agency passes, the money spent will not stop and will be repaid in real time.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 577 Where a party fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the contract, it shall be liable for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.

Article 578 Where a party expressly expresses or shows by his own behavior that he will not perform his contractual obligations, the other party may require him to bear the liability for breach of contract before the time limit for performance expires.