Is fake loan illegal?

Legal analysis: When buying a house to apply for a loan, the bank will inspect the buyer's bank flow. The so-called bank running water refers to the deposit and withdrawal transaction records of bank current accounts (including current passbook and bank card). Some people whose running water does not meet the requirements will forge bank running water through informal channels, suspected of defrauding loans, and seriously bear legal responsibilities.

Legal basis: Obtaining loans, bill acceptance, letters of credit, guarantees, etc. in Article 175-1 of the Criminal Law of People's Republic of China (PRC). Whoever defrauds a bank or other financial institution of funds, thus causing heavy losses to the bank or other financial institution or other serious circumstances, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined. If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.