As the standard of living continues to rise and the level of consumption continues to expand, consumption spending on people ' s daily lives is also increasing, such as the purchase of cars, houses and businesses. However, the ensuing economic pressures have been enormous, and many have opted for loans to share these expenditures. In such cases, if the loan cannot be terminated or cancelled, the burden will be greater. This paper will analyse and explore the question of whether loans can be cancelled or terminated from multiple perspectives。

Can you cancel the loan

From a contractual point of view, the loan contract is a legal agreement between the parties that relates to the rights and obligations of the parties and cannot be terminated easily. Under the contract law, once the parties had signed the contract, they had acquired legal force. If a party wishes to terminate the contract, it must have the consent of the other party. Thus, the loan contract can only be discharged under the terms of the contract, such as the borrower's agreement to pay the principal and interest in advance。

From the point of view of financial institutions, borrowing from financial institutions to their clients is for profit, so it is not possible to terminate loans at will to the detriment of the interests of the institutions. Banks or other lending institutions lend to their clients through loans, which, if cancelled or terminated, may result in institutions not being able to obtain the expected profits. Thus, from the perspective of financial institutions, any form of cancellation or termination requires consideration of the balance of interests and regulatory necessity. Some banks will be exempted from certain advance repayment charges during the contract period to encourage borrowers to pay in advance and to reconcile risk management。

From a consumer protection point of view, the failure to terminate a loan could have a negative impact on consumer rights, particularly in violation of unjustified consumer rights. In the loan market, the loan product involves, in addition to interest costs, other fees or service charges, such as insurance, pre-sale housing, etc., which are levied to increase compensation for liability risks and to guarantee the loan company ' s earnings. Consumers should have the right to suspend or terminate services and demand recovery if there is a serious conflict of interest, fraud, false propaganda, etc。

In general, the cancellation or termination of loans requires different perspectives and realities. Consumers should carefully read the content of the loan contract when signing it and ask about the fees of the lending institution to avoid going blind. At the same time, the lending institution should comply with the contractual requirements to secure a reasonable receipt of the proceeds in accordance with the law, while safeguarding the interests of consumers and providing them with useful service support such as risk assessment and a return plan。