We all know that applying for any loan requires a loan review, so some users with unstable income and poor credit information will be rejected when applying for a loan.

Therefore, these users will find some loan openings with higher approval rate to apply for loans when they need money urgently, so the chances of applying for loans will also increase.

Even some users have learned about some online loans with a 1% pass rate. So are there really 1% online loans?

The main reason why the loan platform will audit the borrower's loan is to reduce its own loan risk.

If you lend money to others casually without loan review, it will be a great loss for the loan platform if most of these borrowers don't repay their debts in the later stage. After all, lending institutions are all open for business, not charities, so it seems that 1% of the online loans applied for will not exist.

If users encounter online loans that claim that their applications are 1% successful, they must be vigilant. There are two main possibilities:

The first possibility is to attract loan users through gimmicks. When users actually borrow money, they will find that they also have their own loan review.

The second possibility is the trap created by swindlers for users who are in urgent need of money. When users apply for loans on such platforms, they will charge user fees, account management fees and so on for various reasons, and then eventually they will not lend money to users, resulting in economic losses for loan applicants.

If users need to borrow money, they must keep their own credit status and check their personal information for other loans to avoid loan failure. In addition, when choosing a loan platform, users should choose a platform with strict loan review. The stricter the general loan review, the more formal the platform may be.

users must be wary of platforms where some black credit users can make payments. Generally, the loan interest rate of such platforms is extremely high, and in case of late repayment, they may come to the door for collection, etc. Therefore, users had better choose a formal loan platform to apply for a loan, so as not to be deceived.