The bank requires the lender to issue a loan settlement certificate, mainly to verify whether the lender's other loans have been paid off, because the information on the credit report is not updated in real time, and sometimes it cannot be accurately judged Whether the lender has settled other loans.

However, if the lender does not submit the loan settlement certificate, it does not mean that the loan application will be rejected by the bank. However, if the lender does so, the loan bank will consider the borrower's debt ratio to be higher, which may increase the borrower's income flow. requirements.

If the borrower's income flow is completely fine, there is no need to be nervous. However, if the lender is not so confident about his income flow, then it is best to act in accordance with the bank's requirements and apply in advance. After repaying other loans, issuing a loan settlement certificate as required will bring you some help.

Banks have stricter review procedures for loans. Lenders who want to apply for loans must pass strict review. This is why banks conduct business from the perspective of risk control.