What are the reasons why the Alipay online merchant bank loan failed/rejected/passed?

Alipay Online Merchant Bank Loan is a credit loan platform within Alipay. Some friends who are short of money have applied for loans on Alipay Online Merchant Bank and successfully obtained the loan. Some netizens said that their applications for Alipay online merchant bank loans were unsuccessful. So, what's going on? Why can’t I apply for an Alipay online merchant bank loan?

We all know that if you want to apply for an Alipay online merchant bank loan, you need to meet the following conditions: 1. Hard conditions: Sesame points must be 600 and above to have the opportunity to receive Ant Borrowing. Pay attention to the instructions here. Yes, there is a chance, but not necessarily. 2. Soft conditions: Users who frequently use Alibaba's products, including those who purchase Ant Financial's financial products, such as Ant Jubao's Yu'e Bao and Zhaocai Bao, and Alipay's Entertainment Bao, etc., and those who only use Taobao and Alipay users, it is difficult to qualify.

The application for an online merchant bank loan may be rejected due to the following reasons: 1. System reasons. There are often maintenance, upgrades, and updates. It is normal to be temporarily closed and have no quota. It is recommended to refresh after a while, or check the official announcement. 2. The quota is reduced. If there are violations, fraudulent orders, penalties, etc. during use, Alipay will take some measures, such as reducing the limit. 3. Credibility issues. If there are personal credit problems such as overdue payments, Alipay will definitely freeze and close the permissions directly. 4. tx Although Jiebei can repay in advance, if you often borrow for a few days and then pay it back immediately, Jiebei may think that your need for this product is not great, and it will be easily blocked. What's going on when online merchants can't get loans? There are these reasons

Online merchant loan is an operating loan under MYbank. It is opened through automatic evaluation by the system. Many Alipay users have used it, but many people find that online merchant loan It was available at first, but suddenly there was no limit. So what happened if the online merchant couldn't get the loan? Let us analyze the reasons together.

What’s going on when online merchants can’t get loans? Applying for an online merchant loan requires a credit report. During the loan period, the system will also evaluate the user's qualifications from time to time. There are several situations when suddenly you can no longer get a loan and there is no limit: 1. When you use an online merchant loan, you are overdue and do not repay on time. 2. Your other loans or credit cards are overdue, which affects your credit score. 3. If you are a Taobao seller, it may be because your store has problems in operation, there are too many negative reviews, or too many people are returning or exchanging goods. 4. If you are an offline merchant, you may rarely use Alipay to collect payments. Alipay cannot understand the merchant's income and thinks that the merchant's income has decreased.

How to restore the limit of an online merchant loan

1. Improve your credit. Whether you borrow an online merchant loan or use other credit products (such as loans, credit cards, etc.), you must repay on time. , don’t be late and maintain good personal credit.

2. Improve operations. If you are a Taobao merchant, improve the dynamic score of the store, increase operating income, reduce the frequency of negative reviews or returns and exchanges, and reduce customer complaints; offline merchants often use Alipay payment codes. For acquiring orders, Alipay's system will conduct a comprehensive evaluation based on the store's number of acquiring users, the stability of the acquiring volume, and the credit situation. By this point, I believe everyone has understood what happened when online merchants failed to get loans. The loan limit of online merchants is evaluated by the system from multiple dimensions. There is no way to intervene manually. In daily life and work, maintaining good credit will generally Online business loans will not run out of credit all of a sudden. If the online merchant loan is not overdue, why is it shown that the loan is unavailable? Are there any penalties for overdue online merchant loans?

Do you want to ask whether the online merchant loan is not overdue, but why is it shown that the loan is unavailable? And will there be any fines for overdue online business loans? If you are unable to get a loan, you are not qualified for the loan; the overdue interest rate will increase and there will be no penalty.

If the online merchant loan has never been overdue and the loan cannot be made, it may be due to the following reasons:

1. Other credit products under the name appear during repayment The overdue situation was serious and bad information was left in the personal credit report, which damaged personal credit.

2. The store is not well managed, with frequent negative reviews and returns and exchanges.

You should know that Wangshangdai is an operating loan product specially provided for individual entrepreneurs and small and micro enterprises. Therefore, in addition to reviewing the customer's credit standing during the irregular evaluation, the system will also look at the operating conditions of the store and draw the evaluation results accordingly. Adjust the amount accordingly.

3. The customer has never borrowed money since opening an online merchant loan account, which led the system to believe that the customer did not have any borrowing needs and the quota utilization rate was low, so it withdrew the quota and provided it to more loans. demanding customers.

4. The background system is under maintenance and upgrade. When the system upgrade is completed, it will naturally return to normal. I have borrowed many online loans and never been overdue. Why can’t I borrow the money after I paid it back?

This situation is not unique. I have answered questions about this before. So I think that to analyze the reasons, we must start from the following aspects.

1. Whether online loans have a revolving quota function.

Most of the online loans now have revolving quotas, such as Jiebei, Online Business Loans, and China Merchants United Finance, to provide installments. But there are also many that do not have recycling functions. For example, JD.com gold bars require all the money to be paid back before you can borrow again. And there is a possibility that you can’t borrow it even if you go in.

2. Too frequent borrowing and lending may also affect your personal credit score.

Although there has never been an overdue situation during the loan period. But the frequency of borrowing is high, so the platform has reason to carry out risk management for people who borrow frequently. Cryoobservation may be performed. Because the frequency of borrowing is high, it means that there must be certain problems with this person's financial situation. The platform will definitely suspend lending to borrowers with poor economic conditions.

3. Personal credit has undergone dynamic changes, and they are bad changes.

For example, if you borrow money from more than one platform, if the loan from other platforms has bad credit or overdue repayment, it will be monitored by other platforms. Then we will definitely adopt a moratorium on lending to reduce risks.

4. The platform is more willing to give money to customers with higher overall scores

This can explain why your friends can borrow money. And you can't borrow money. Because the platform will definitely receive a lot of loan applications. But after all, platform funds are not unlimited. Then under the same circumstances, the platform will definitely lend funds to customers with higher comprehensive scores. For example, compared with you and your friends, your friends have a higher overall score. Then the platform will definitely lend money to your friends, not you.

5. Reasons for the platform itself

Sometimes in order to expand the customer base, the platform may use more funds to develop new customers, such as newly registered customers. As long as there are no problems with your qualifications, you can easily place a payment. For old customers, even if there is no principled problem and the loan is available, there may be situations where the loan may not be granted. Then they are still willing to give opportunities to new customers, which can expand their customer base. After all, when it comes to borrowing money, the probability of loss for old customers is actually very small.