Legal analysis: useful. But the contents of the loan should be legal, especially the agreement on interest. The borrower needs to sign his name and ID card, and it is better to write a receipt to prove that the loan has been received.

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

Article 667 A contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 668 A contract shall be in written form, except as otherwise agreed between natural persons.

The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

Article 669 When concluding a loan contract, the borrower shall, at the request of the lender, provide the true information about the business activities and financial status related to the loan.