I believe many friends will choose to borrow from the bank when they are in urgent need of funds, but some friends will be told that the loan has not been approved and they cannot apply for the loan. I believe many friends have encountered such a situation, and they don't know what to do after the loan is rejected. Let's analyze the reasons why the loan was rejected and tell you what to do if the loan was rejected.
I believe many friends will choose to borrow from the bank when they are in urgent need of funds, but some friends will be told that the loan has not been approved and they cannot apply for the loan. I believe many friends have encountered such a situation, and they don't know what to do after the loan is rejected. Let's analyze the reasons why the loan was rejected and tell you what to do if the loan was rejected.
1. Reasons for refusing the loan
1, bad credit record
Generally speaking, if the applicant has a credit card or fails to return it within two years from the date of application, the record will be uploaded to the central bank's credit information center, resulting in a bad credit record. Of course, the loan or not will also affect personal credit information.
In addition, too many inquiries about personal credit report will also affect personal credit. Specifically, personal credit report inquiry can be divided into personal inquiry, credit card approval, loan approval, guarantee qualification examination, objection inquiry and so on. In addition to my own inquiry, too many times of inquiry records in other ways will affect personal credit information.
Therefore, if the above-mentioned circumstances affect personal credit records exist, banks and lending institutions will think that lending risks will be greater. There is no doubt that the loan will be refused.
2. The debt ratio is too high.
Banks will look at the debt ratio when reviewing the loan application materials of loan applicants. Generally speaking, the bank will agree to the applicant's loan application only if the applicant's income is more than twice the debt. Many friends will think, then I will go to other lending institutions to apply for loans. In fact, although other lending institutions may not require as high a debt ratio as banks, they will also require a reasonable debt ratio.
So why is this? Because if your debt ratio is too high, your repayment ability will actually decline. If banks and lending institutions give you loans, then banks will have to bear greater risks. So banks and lending institutions have reason to reject your loan application.
3. Incomplete application materials
Incomplete application materials are one of the reasons why most friends are refused loans. Because the authenticity and integrity of information is the primary factor to determine whether you can get a loan. Don't take chances and think that you can provide false information. The bank will examine the information provided by the loan applicants one by one. If you are found to have passed false information, the bank will not hesitate to reject your application.
Of course, if the personal information filled in is incomplete and lacks some necessary information, then banks and lending institutions will not apply through you.
Second, what should I do if the loan is rejected?
Everyone should first ask what is the reason for their loan rejection, and then prescribe the right medicine.
1, repair credit record
If a loan is refused because of a bad credit record, then everyone can repair his credit record. As we all know, credit card usage records and loan records are constantly updated. If you have a bad credit record before, as long as you keep a good credit record over time, the bad record will be replaced by a good record.
Here, I also want to remind everyone that in daily life, we must maintain good credit. If you have a loan, you must remember to repay it in time and try not to appear.
2. Change the loan method
If the loan is refused because the debt ratio is too high or the income is too low, the applicant can change the loan method and replace the credit loan with mortgage loan and secured loan.
3. Complete the application materials
If the loan is refused only because the application materials are incomplete, then the problem will be solved easily. As long as you fill in the information and don't cheat, you will naturally pass the loan application again.
The above is the reason why the loan was rejected and how to solve it. I hope this article can bring some help to those friends who are in a hurry to get a loan and the loan is rejected.
The bank will never tell you eight reasons for refusing to lend you a loan.
Every little friend who is short of money has tried to borrow money and spent a lot of time. A lot of information was prepared, but the final loan was not approved! The bank hasn't told us why it refused our loan application!
Serious overdue has become a hidden danger.
Good credit is the premise of borrowing. According to the different types of loans, the requirements for borrowers and spouses are different. General mortgage loans will require more than three levels of credit information, and credit loans will require more than two levels of credit information. It is difficult for borrowers whose credit information is seriously overdue to enter, but the overdue due to the small amount of arrears within 500 yuan will generally be handled by the loan examiner as appropriate.
Excessive debt or refusal
Asset-liability ratio is one of the important factors in loan approval. If it exceeds 70%, it will be considered that the debt is too high and the loan will be rejected with high probability.
Weak secured loans exceed the limit.
Many borrowers obtain weak secured loans from banks through business circles, trade associations, chambers of commerce and other channels, ranging from 1 to 3-4; At present, banks have raised the entry threshold for customers, especially for credit loans, which generally require no other weakly secured loans or no more than two loans.
Losing data is risky.
Some borrowers gave up the loan application because it was too troublesome, and some borrowers were rejected because they could not provide complete information. Therefore, it is necessary to find out the requirements of the information needed for the loan before lending, saving time and improving efficiency.
It is difficult to get started without running water.
Bank running water is regarded as an important reference for borrowers' repayment ability. At present, most banks have made specific requirements for the quarterly interest settlement amount of running water in the loan review requirements, and borrowers who fail to meet the standards are not allowed to enter.
False or blacklisted information
Whoever provides false information for any reason and in any form during the loan process will be directly rejected by the bank once it is discovered. Not only can it not apply for a loan, but it may also be blacklisted.
It is difficult to get approval for forbidden industries.
It is difficult to approve loans involving overcapacity industries such as steel trade, chemicals and cement, as well as restricted industries such as real estate, investment, entertainment, high pollution and high energy consumption.
Bad living habits affect the quota.
During the investigation, it was found that borrowers were involved in unhealthy living habits such as gambling and drug abuse, and the credibility of "talking nonsense" was not high, which would also affect the approval of loans.
(The above answers were published on 20 17-07-07. Please refer to the current actual purchase policy. )
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Why didn't the bank tell the reason why the loan was rejected?
If you are rejected, find the reason yourself. The bank has no obligation to tell you what's wrong with your credit report. In fact, bank lending is just like lending money to others. You will pay attention to whether the borrower can pay you back, so that you will be approved.
When banks check credit information, they don't just look at the part you printed for them. There are many things that they have the ability to find out, but the lenders deliberately hide them. These are the criteria they refuse, because the first thing they want to borrow is to believe. If they leave a negative impression on the bank at this point, no one will give you a loan because they don't want to find old customers.
Everyone who is refused a loan will have problems, such as overdue, no car, no house, no wife, no land, no friends and even illness. If such people are recognized, they will almost send them flowers. If they don't know about microfinance, they may borrow money, but if they know about it, they will definitely not let it go.
In the process of examination and approval, banks have their own ways to understand lenders. It is not an exaggeration to say that lenders are transparent, but they will not tell you that they know all your information, so they will only tell lenders that your situation does not meet our lending standards and refuse.
If you want to know the reason why the bank refused the loan, it's simple. Just find a friend to lend you money. If he won't lend it to you, you should be both hard and soft. You should know the reason why he refused you. Although this reason hurts your self-esteem, it is mostly the reason why banks refuse lenders. Don't think that banks don't know anything.