1, bad credit record. When examining the loan application, the bank will check the applicant's credit history. If they find bad credit records such as overdue repayment, default, etc., they will think that the applicant's credit is not good and refuse the loan application. This is why many people attach great importance to the importance of personal credit records.
2. The income is unstable or lower than the requirements of the bank. Banks will require borrowers to have a stable source of income to repay loans. If the applicant's income is unstable, lacks a stable job or has a low income, the bank will think that his repayment ability is weak and refuse the loan application.
3. The borrower's debt is too high. Banks will also consider the borrower's debt situation when reviewing loan applications. If the borrower's debt is too high, that is, the existing debt repayment pressure is too high, the bank may think that the borrower's repayment ability is insufficient and refuse the loan application.
4. The materials provided are incomplete or do not meet the requirements. Banks will also require applicants to provide relevant materials, such as identity cards and income certificates, when reviewing loan applications. If the materials provided by the applicant are incomplete or do not meet the requirements of the bank, the loan application will also fail.
To sum up, the main reasons for the failure of bank loan application are poor credit record, unstable income or lower than the requirements of the bank, excessive debt of the borrower, and incomplete or unqualified materials provided. The specific reasons need specific analysis.