1. Training loan is fraud. Suggest alarm handling. It is helpful to report the case to the local police station, provide relevant certificates and explain the reasons.

2. Legal basis:

Article 266 of the Criminal Law stipulates that whoever defrauds public or private property in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also or only be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; 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 or confiscated. Where there are other provisions in this Law, such provisions shall prevail.

Training loan generally means that training institutions cooperate with P2P peer-to-peer lending institutions to lend money to students, and the students repay in installments. Nowadays, recruitment companies (actually training institutions) often use recruitment websites to train job seekers in the form of recruitment.

2. The brief process of the training loan is that the company generally requires the applicant to carry out pre-job training on the grounds that the applicant's ability is not up to standard, resulting in tens of thousands of training fees (plus high interest), and then repays by installments through the loan software. However, after the training, the applicant will not be hired, but will be asked to find another job. This kind of people are mainly college graduates and career changers.

3. What are the legal considerations for training loans?

1. Training loan is essentially a loan relationship between students and lending institutions. Students apply for loans from lending institutions, which will issue loans after approval. Students use this money to pay the tuition fees of training institutions. Therefore, what students owe is not money from training institutions, but money from lending institutions. This must be clearly distinguished.

2. If students don't want to learn/train institutions to close down/the quality of institutional courses is not high during the study by stages. And they understand that the trainees borrowed money from the lending institution, so the final money will be returned to the lending institution, which has nothing to do with the training institution.

3. The trainees have paid the tuition fees in full in the training institution. If there is a problem with the training institution or students want to drop out of class, they need to negotiate with the training institution for a refund. If there is an agreement in the training agreement, such agreement shall prevail. If there is no refund agreement or negotiation fails, you can go to the industrial and commercial bureau to complain or bring a lawsuit to the court for arbitration.

4. The training agreement and the loan agreement should be clearly distinguished and carefully signed.

Training loans are fraud. Suggest alarm handling. Report the case to the local police station and provide information.