Legal analysis: the wrong name does not affect the legal effect of the loan. If the name of the loan is wrong, does it still have legal effect? We can prove who is the borrower by witnesses, the purpose and destination of the loan, the name of the transfer record and other facts. Of course, it is best to correct it in time, otherwise it will have an impact on the transfer of creditor's rights and dispute litigation.

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

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

Article 668 A loan contract 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.

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.