In Taiwan, three “nude loan” videos—featuring a female college student who failed to repay a debt—were exposed to the entire world after she had submitted them as collateral to a semi-organized crime group; the footage shows her naked, jumping, and so on, with her face clearly visible.
Video 1
Video 2
Video 3
A debt of 5,000 yuan grew to 5.5 million yuan in 4 months.
Around 2017, a form of peer-to-peer lending known as “naked loans” (or “nude loans”) became widespread in China; these involved borrowers providing photos or videos of themselves naked—along with their identification cards—as collateral in lieu of a formal promissory note. Although marketed with promises of “low interest rates” and “same-day funding,” the actual interest rates were exorbitantly high, and loan amounts tended to increase based on the borrower’s physical attractiveness.
In a case reported in Zhejiang Province in May 2023, a 26-year-old woman borrowed a net sum of 3,500 yuan, only to see her debt balloon to 5.5 million yuan in just four months. Debt collectors threatened to send her nude photos to her relatives and workplace if she fell behind on payments; police subsequently detained three suspects, and it was confirmed that the same group had victimized more than 50 people.
Comments