Judging whether the online loan contract is legal through contract law and electronic signature law.
Article 12 of the Contract Law stipulates: "The contents of a contract shall be agreed by the parties, and generally include the following clauses:
(1) The name and domicile of the party concerned;
(2) Subject matter;
(3) quantity;
(4) quality;
(5) Price or remuneration;
(6) Time limit, place and method of performance;
(7) Liability for breach of contract;
(8) Methods for resolving disputes. Only online loan contracts containing the above terms are legal.
To conclude a contract by electronic contract, a reliable electronic signature is needed to ensure that it has the same legal effect as a handwritten signature.