Generally speaking, the reasons for loan failure are as follows: 1, the borrower's credit information is not very good, which does not meet the loan requirements of financial institutions; 2. The loan information submitted is incomplete, or there are false reports or concealed reports; 3. The borrower's repayment ability is insufficient. For example, the debt is too heavy now and the monthly income is not high.

Legal basis:

People's Republic of China (PRC) Civil Code

Article 669 When concluding a loan contract, the borrower shall, at the request of the lender, provide the true information about the business activities and financial status related to the loan.

Article 680 usury is prohibited and the loan interest rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the payment method of interest is not specified in the loan contract, and the parties cannot reach a supplementary agreement, if the interest is determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors, the loan between natural persons is regarded as interest-free.