How to remedy frequent loan rejections? It’s easier to get a loan this way!

With the continuous development of the loan industry, it is now much more convenient to apply for a loan, but the loan process is also relatively more standardized, which makes it difficult for many people to successfully pass the loan review. How to remedy frequent loan rejections? Can I still apply for a loan again? Being rejected for a loan does not mean that there is no opportunity. You need to find out the reasons first and then think of countermeasures.

How to remedy frequent loan rejections?

Reason for rejection 1: Blank credit report

Remedy: Apply for a credit card

If the credit report is blank, the lending institution cannot obtain the loan applicant’s credit report Knowing their willingness to repay, it is impossible to judge their risk level. In order to better control the risk, it is easy to be rejected. At this time, loan applicants can try to apply for a credit card first, spend more money with the card, repay the loan on time, and accumulate a good credit record.

Reason for rejection 2: Poor credit report

Remedial measures: Repair your credit report and apply for guaranteed loans and mortgage loans

When applying for a credit loan, the lending institution will basically ask The borrower's credit report cannot have any bad credit record. If the credit report is not good, the loan applicant needs to repair his credit first. If there is an overdue loan, he must settle it in time and accumulate a good credit record to cover the bad record. Secondly, You can also consider applying for a secured loan or mortgage loan, which have relatively loose credit requirements.

Reason for rejection three: Income is too low

Remedy: Increase bank flow and choose appropriate loan products

If the borrower has a low income and cannot get flow from the bank To reflect your repayment ability, you can try to deposit money into a fixed bank account every month to obtain enough bank flow. Secondly, you can choose a loan product that does not have such strict requirements on repayment ability.

Reason 4 for rejection: Excessive debt

Remedy: settle the loan

The debt ratio is too high, and the borrower’s repayment ability is greatly reduced. If you want to apply for other loans at this time, it is recommended to borrow some money from relatives and friends first, and pay off part of the loans or credit card debts that are subject to credit reporting to reduce the debt ratio.

Reason 5 for rejection: Incomplete loan information

Remedy: Complete the information

When many people apply for a loan for the first time, they may want to protect their personal information. Because, there are some information that you don’t want to fill in, or you didn’t prepare so much information at that time, thinking that the review will not be so strict, resulting in insufficient information during the final review. If you want to successfully borrow money, you must fill in complete and true information, and do not commit fraud.

Reason 6 for rejection: Age incompatibility

Remedial measures: Choose the appropriate loan product, or add more lenders

Most of the current loan products There will be age requirements, such as the requirement to be over 18 years old. Some loan products will require the borrower to be over 22 years old. When applying for a loan, you must clarify the age requirements of the loan product and choose the appropriate loan product. If you do not meet the requirements, , to see if the loan success rate can be improved by increasing the number of lenders.

The above is the answer to how to remedy frequent loan rejections. In actual loan operations, there may be more reasons for rejection. When everyone encounters problems, they need to prescribe the right medicine and find the specific reasons. , and then apply for a loan after solving the problem.

You are so naive to think that it is really that easy to get a loan refund!

Loans can solve most people’s financial problems, so they are a very important financial means. However, just like buying things, some people who are hesitant often end up in this situation. After applying for a loan, they If you no longer want it, you can cancel the loan. But it is not completely without impact. Today we will introduce what are the consequences of returning the loan? Frequent loan refunds will cause some adverse effects.

1. How to refund the loan?

Wrong choices, failure to read clearly, unclear needs, regrets, no need, etc. will cause the borrower to no longer want the loan after applying for the loan, and then the loan needs to be refunded.

In fact, many loans provide "regret medicine" and support the refund of the loan, but there are conditional restrictions. You cannot refund if you want to. The main situations are as follows:

1. Not reviewed

If you have just submitted a loan application and have not yet entered the review process, as long as the page provides the option to cancel the loan, you can immediately refund the loan or contact customer service to cancel, and you do not even need to pay default fees. gold.

2. Under review

In this case, the probability of successful refund of the loan is relatively low. Generally, it cannot be canceled after entering the review status. However, you can also try to contact customer service to request to terminate the loan process. If If there is a telephone review, you can make a request for loan refund over the phone, and the customer service will evaluate it.

3. The loan is being disbursed and the loan has been disbursed

In this case, the loan has been successful and the loan cannot be refunded. The only option is to repay it in advance. However, most loans require liquidated damages. , and it will take at least the next day to settle, so at least one day's interest will be charged.

2. What are the consequences of returning the loan?

1. The loan refund failed. In order to avoid malicious operations and to improve loan efficiency, the probability of successful loan refund is very low. Generally, the loan cannot be refunded and the only option is to settle it in advance.

2. Impact on credibility. If you choose forced termination during the loan process, it means that you have no need for a loan in the short term, and you may no longer be able to apply for the loan.

3. Credit record. Many loans have been connected to the central bank's credit report. When you click on the application, the loan has entered the review process. You may have checked the credit report, and a query record will be left. Even if you return the loan, this record will still be there. It exists, and it has contributed traces of an inquiry in vain, which may have an impact on subsequent credit business.

The above is the relevant content about the consequences of loan refund. It is recommended that you think carefully before taking out a loan and do not submit the application casually to avoid unnecessary trouble.

What is the general application process for Ping An Puhui Loan?

The general process of Ping An Puhui loan application:

1. Register and submit application

2. Real-time approval, credit limit

3. Remote interview, no need to visit

4. Sign the contract via mobile phone and get the loan successfully

Ping An Puhui products

1. i Loan: Ping An Puhui launched the product i Loan , the fastest loan is 3 minutes, the maximum amount is 30,000 yuan, and the whole process is applied through the APP.

2. Youfang loan (property certificate is required, and private owners also need to provide a business license);

3. Car owner loan (driving license, vehicle registration certificate and commercial auto insurance policy are required and the vehicle insurance is within the validity period);

4. Salary loan (proof of income and employment required),

5. Owner loan (proof of real estate required);

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6. Life insurance loans (life insurance policy materials need to be provided), etc., and continue to improve and innovate according to market demand.

Extended information:

Secured loan business

Ping An Puhui has launched a home e-loan product for users with large borrowing amounts. The borrower must be a Chinese resident aged 25-55 (residents in mainland China only) and be one of the property owners of the mortgaged property.

Advantages of home e-loan

1. The maximum limit is 5 million

2. Fast disbursement, as fast as one day

3. The annualized cost starts at 10.7

4. Flexible repayment. If you borrow more than one month, you can pay it back in advance without handling fees

Safety risk control

Ping An Pu Hui has established a complete set of risk control management mechanisms including credit risk management and loan review and credit management systems. It includes a central risk control mechanism that runs through the entire process of credit before, during and after the event, and adopts a cyclical risk management method to dynamically monitor customer information through the "three lines of defense" of the regular business department, the approval risk control center and the risk control department. .

In addition, Ping An Puhui has accumulated big data advantages over the past 11 years to innovate risk control models and draw on leading technologies in the international consumer credit industry to continuously optimize our risk control models so that customers can obtain more in the models. Dimensional assessment, and continuously improve the central risk control management mechanism of credit risk management and loan review and credit granting management systems.

At the same time, the scorecard model used by Ping An in the field of inclusive finance draws on the leading technology of the international consumer credit industry, combined with its own business data accumulated over the years, based on credit records, natural attributes of customers, and third parties. Big data information, comprehensive assessment of customer risks.