Legal analysis: effective. Legally speaking, as long as the borrower has the corresponding capacity for civil conduct, the facts of the loan are objective and true, and the borrower voluntarily signs and confirms, no matter whether the loan is handwritten or printed by computer, the loan has legal effect.

Legal basis: Article 668 of the Civil Law of People's Republic of China (PRC) shall be in written form, unless 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.