Is personal lending an illegal fund-raising? Illegal fund-raising refers to the behavior that a unit or individual raises funds from the public in a specific way without the approval of the relevant departments in accordance with legal procedures, and promises to repay the principal and interest to investors within a certain period of time. Personal loan refers to the loan issued by the lender to the borrower for the purchase of owner-occupied housing and the repair and construction of owner-occupied housing (excluding export housing) by urban residents. Illegal fund-raising must meet four conditions, and one of eleven acts must be carried out: four conditions: (1) absorbing funds without the approval of relevant departments according to law or in the form of legal operation; (two) through the media, promotion meetings, leaflets, mobile phone messages and other means to promote to the society; (3) Commitment to repay the principal and interest or pay the return in the form of currency, material object or equity. In a certain period of time; (four) to absorb funds from the public, that is, the social unspecified objects. Acts: (1) illegally absorbing funds by means of returning the original price, after-sale charter, agreed repurchase, sale of real estate shares, etc. , there is no real content of real estate sales or real estate sales as the main purpose; (two) illegally absorbing funds through the transfer of forest rights and management on behalf of others; (3) illegally absorbing funds by planting (breeding), renting planting (breeding) or joint planting (breeding); (four) illegally absorbing funds by means of commodity repurchase or consignment. There is no real content of selling goods or providing services or the main purpose is to sell goods or provide services; (five) illegally absorbing funds by means of false transfer of equity or sale of fictitious bonds, etc., which do not have the true contents of issuing stocks and bonds; (6) Raising funds without real content, illegally absorbing funds by means of overseas funds or selling fictitious funds; (seven) without the real content of selling insurance, illegally absorbing funds by means of counterfeiting insurance companies or forging insurance documents; (8) illegally absorbing funds by investing in stocks; (9) Illegally absorbing funds by means of entrusted financial management; (ten) the use of "associations", "social groups" and other non-governmental organizations to illegally absorb funds; (eleven) other acts of illegally absorbing funds.