With the change of people's consumer attitudes, many people are now accustomed to overspending, and when there is no money, they will choose to apply for online loans to solve the problem. Now online loan application is very simple, often only need a cell phone, but there are people because of insufficient qualification was refused a loan. Then what is the reason for insufficient qualification for online loans? One together to understand it.
What are the reasons for insufficient qualification for online loans?
1, the borrower's personal credit is not good Whether it is the big data black of online lending, or personal credit bad credit record is more, this shows that the borrower's personal credit is not good, the lending institutions in order to ensure the safety of the funds, is not willing to approve the loan for the people with bad credit. 2, the borrower's age does not meet the requirements Different borrowing products loan age requirements are not the same, some of the 18 years old can apply, some need to be 22 years old, to meet the requirements to successfully apply. 3, the borrower to use the phone number is not real name authentication Many borrowing products will require the borrower to use the phone number real name authentication to use more than half a year, this type of loan products, if the phone number of the situation does not meet the requirements, it is difficult to pass the audit. 4, the borrower loan information fake Some borrowers may be in order to prevent the leakage of privacy, there are some loan information does not provide real and effective information, or in order to get a higher amount, exaggerated certain circumstances, was detected by the lending institutions, will think that the borrower has a suspicion of fraudulent loans, and thus reluctant to approve the loan. 5, the borrower loan application is too frequent If the borrower submits more than one loan application in a short period of time, it will lead to a lot of loan approval query records on the personal credit, which will make the lending institutions feel that the borrower loan overdue risk is higher, and is not willing to approve the loan. The above is the answer to the question of "what is the reason for the lack of qualification of the online loan", if you encounter the lack of qualification, you can compare to see which one of them is out of the question, timely adjustment.Bank loans, the qualification is not enough to refer to what?
When we encounter financial difficulties, we often think of applying for a loan from the bank. However, banks are not charitable organizations, not everyone can lend money without any problem. Bank loans, but also need some qualifications, if the borrower qualification is not enough, the bank will require the borrower to provide security, security has a variety of ways, the following world will introduce you to a few common security methods.
Pledge security
Pledge security refers to the borrower can use their own ownership of movable property or legal right certificates as a pledge to apply for loans. But in the use of pledge security, the borrower must pay attention to two points: 1. The pledge must comply with the provisions of the law; 2. The borrower must sign a written pledge contract.
Mortgage security
Mortgage security refers to the debtor or a third party does not transfer the possession of the property, but the property as a form of security. In this case, the collateral used as security can be movable or immovable property, and it does not affect the borrower's right to use the collateral after it has been pledged, but when the borrower fails to fulfill the debt, the bank may auction or sell the collateral in accordance with the provisions of the security law, and the proceeds will be used to repay the principal and interest of the loan as a matter of priority.
Guaranteed security
Guaranteed security refers to the provision of bank-approved guarantors as security when the borrower applies for a loan. However, from the current point of view, there is a certain degree of difficulty in choosing this type of guarantee, because the guarantor needs to bear joint and several liability, and many people are reluctant to do such a thing, in addition to not all the guarantor meets the bank's requirements.
Now we know, the bank loan qualification is not enough, you can use these kinds of guarantee to get a loan successfully.
What does it mean to be under-qualified for a loanWe often think of applying for a loan from a bank when we have financial difficulties. However, banks are not charitable organizations, and not everyone can lend money without any problem. Bank loans, but also need some qualifications, if the borrower qualification is not enough, the bank will require the borrower to provide security, security has a variety of ways, the following world will introduce you to a few common security methods.
Pledge security
Pledge security refers to the borrower can use their own ownership of movable property or legal right certificates as a pledge to apply for loans. But in the use of pledge security, the borrower must pay attention to two points: 1. The pledge must comply with the provisions of the law; 2. The borrower must sign a written pledge contract.
Mortgage security
Mortgage security refers to the debtor or a third party does not transfer the possession of the property, but the property as a form of security. In this case, the collateral used as security can be movable or immovable property, and it does not affect the borrower's right to use the collateral after it has been pledged, but when the borrower fails to fulfill the debt, the bank may auction or sell the collateral in accordance with the provisions of the security law, and the proceeds will be used to repay the principal and interest of the loan as a matter of priority.
Guaranteed security
Guaranteed security refers to the provision of bank-approved guarantors as security when the borrower applies for a loan. However, from the current point of view, there is a certain degree of difficulty in choosing this type of guarantee, because the guarantor needs to bear joint and several liability, and many people are reluctant to do such a thing, in addition to not all the guarantor meets the bank's requirements.
Now we know that the bank loan qualification is not enough, you can use these kinds of guarantee to get a loan successfully.
What are the reasons for the lack of qualification for online loans1, the borrower has bad credit. Whether it is online lending big data black, or personal credit bad credit record more, it shows that the borrower's current personal credit status is not good, then the lending institutions in order to ensure the safety of the funds, certainly will not agree to approve the loan for the borrower.
2, the borrower's age is not eligible. Different borrowing products have different age requirements for borrowers, some can apply when they are 18 years old, while some need to be 22 years old to apply for success. Therefore, in order to be able to apply for a loan successfully, it is advisable to understand the loan conditions in advance is better.
3, the borrower used the number is not real name authentication. A lot of loan products require borrowers to have used more than half a year of real-name authentication cell phone number, at this time, if the borrower does not meet the requirements, then it is difficult to pass the audit.
4, the borrower loan information fraud. As we all know, the loan information is an important reference basis for the organization to review the loan, if the amount of information provided by the borrower is not real and effective, then it will be rejected because of the suspicion of fraud.