Why can’t I apply for an online loan?

Why do many online loans fail to pass if they are not overdue? Online loan platforms have their own credit reporting system and risk control system. If the results of the comprehensive evaluation do not meet their requirements, they will naturally fail. Loans not only review an individual's credit profile, but also look at the individual's overdue record, and also review the borrower's willingness and ability to repay. Approval will be based on the borrower's qualifications. Your workplace, age, etc. will all affect the approval of online loans.

1. Income is not enough: As the most important loan application information, income is the key to ensuring the ability to repay, so online loans will judge whether to grant a quota based on the borrower's income. However, online loans generally do not check bank statements and do not have that authority, so the income is only used as a reference and combined with other information to make a comprehensive judgment.

2. Bad credit report: Some users always think that credit has nothing to do with it, and the occasional overdue payment has little impact. In fact, overdue payment can reflect two problems. One is poor financial status and lack of funds. It will be overdue if the turnover cannot be recovered. The other is poor integrity, lack of awareness of repayment on time, and habitual overdue payments. No matter what the problem is, it will cause the online loan to be rejected.

Currently, we can borrow bei, 360 IOU, Youqianhua, Anyihua, Banyan Loan, Weilidai, Jingdong Gold Bar, Gome Easy Card, Fenqile, Paipaidai, Huanbei, 58hao borrow foreign money jar, It is easier for users to apply for loans on Guohua and Haoqidao. However, whether the loan platform ultimately approves the user's loan needs depends on the user's current personal qualifications. The higher the personal qualifications (the higher the academic qualifications, the more stable the job and income, the better the credit record, the less debt), the better the loan platform will be. It is easier to pass the user's loan application, and vice versa.

If you have capital turnover needs, it is recommended that you use Youqianhua. Youqianhua is a credit service brand under Duxiaoman Financial (original name: Baidu Youqianhua, changed its name to "Youqianhua" in June 2018 "), big brands are reliable, have low interest rates and are trustworthy. Have money to spend - Manyidai, the maximum loan amount is 200,000, and the daily interest rate is as low as 0.02.

It has the advantages of simple application, low interest rate and fast loan, flexible borrowing and repayment, transparent interest fees, and strong security and other characteristics.

Share with you the application conditions for Youqianhua: The application conditions for Youqianhua are mainly divided into two parts: age requirements and document requirements. 1. Age requirement: between 18-55 years old. Special reminder: Youqianhua declines to provide consumer installment loans to college students. If you are a college student, please give up the application. 2. Document requirements: During the application process, you need to provide your second-generation ID card and personal debit card. Note: The application only supports debit cards, and the application card is also your borrowing bank card. My identity information must be the second-generation ID card information. Temporary ID cards, expired ID cards, and first-generation ID cards cannot be used to apply. Online loans are risky, so be careful when choosing!

3. Debt: Even if it is not overdue, if the current debt ratio is too high, the online loan will not be approved, because a person’s income is limited. In addition to normal expenses, if you are still burdened with debt, there will not be much money available for repayment, so institutions are generally unwilling to grant too high a credit limit to borrowers with high debt ratios. Why are applications for online loans always rejected immediately? Maybe you don’t meet the following conditions!

Nowadays, online loans have become an important tool for young people. Once they are in urgent need of money or short of money, they will first apply for online loans through their mobile phones and repay the loan on time every month. However, the risk control of online loans is becoming more and more strict. Some applications for online loans are always rejected immediately. What is going on?

1. The application conditions are not met. Nowadays, many online loans will indicate the application qualifications in advance. It is recommended that you read it before applying. Generally, applicants are required to be between 18 and 60 years old, with a stable job and income, so if the loan application is rejected instantly, it may be due to age or income incompatibility.

2. Loan information is incomplete or incorrect. Some people fill in the loan application too sloppily and fill in the wrong information without knowing it. There are also some people who deliberately fill in personal information to get loans.

Nowadays, online loan systems are generally more scientific and will compare your personal employment certificate, income certificate, salary statement, credit card bill, social security, etc. If the loan amount is larger, more information will be required. If it does not match the borrower's own situation, Or if the difference is too large, the loan will be directly rejected by the lending institution.

3. If the personal debt is too high, some online loans will check the credit score. If you currently have housing loans, car loans, credit card overdrafts, investments, etc., these liabilities may cause the loan to be rejected. Generally speaking, the debt ratio should not be Over 50.

4. If your credit report is overdue three or six times in a row, it is a serious overdue situation. No matter which lending institution you are in, you will be rejected. The platform will consider the risk of the loan and will directly deal with those who are overdue for too many times. Rejection, too many inquiries will also lead to loan rejection.

5. Return call: A very small number of users will be rejected due to missed return calls, abnormal answers, etc. Therefore, we have always been emphasized that everyone must keep their mobile phones open and answer customer service questions truthfully. Why were all my online loans rejected

There are several reasons why online loans are rejected:

1. Have a bad credit record on other platforms

Poor personal credit is an important reason. Nowadays, many platforms have large databases. Some private institutions will check through blacklists. Although borrowers have good loans on lending platforms, they have such bad loans on other loan platforms. records, such as late repayments, etc., which may cause the applicant's second loan application to be rejected.

2. Insufficient bank flow records

If you apply for a loan at a bank, bank flow records are a very important reference factor when applying for a loan. Banks mainly assess your repayment ability based on flow records. , to see if there is a stable income. If there is no bank flow or too little bank flow, it will cause the loan to fail again.

3. The debt ratio is too high

On the basis of the outstanding loan amount, borrowing again will increase the debt ratio, causing great repayment pressure. For such an applicant, the bank will not be willing to grant you a loan after comprehensive consideration of the repayment situation.

If the bank financial institution will check the credit report, it is recommended to pay off some debts before applying for a loan. If the borrower borrows 100,000 yuan from the bank, but has an outstanding loan amount of 60,000 yuan, when you apply again When applying for a loan, the bank will only grant you a loan limit of 40,000 yuan at most. It is best if the application is successful at one time. Otherwise, frequent application records will be left, which will also affect the next loan.

Extended information:

If online loan repayment is overdue, the following adverse consequences will occur:

1. Penalties will be calculated starting from the overdue day interest until the customer repays everything. The penalty interest rates of many loan platforms will be higher than the borrowing interest rates. If the customer continues to default on repayment, I am afraid that a lot of penalty interest will be incurred. At that time, the customer will have to repay more and more, and the repayment pressure will also increase. getting bigger and bigger.

2. The loan platform will report overdue information to big data and leave bad records in it. Some platforms or their cooperative lending institutions are connected to the central bank's credit reporting system and may report overdue information to the central bank's credit reporting system, leaving bad information in the customer's personal credit reporting report, thus causing damage to the customer's personal credit.

3. The platform system may carry out risk control on customers’ loan accounts and freeze the limit so that customers can no longer borrow money. At the same time, because the credit is damaged, customers will most likely be blocked from borrowing from other lending institutions, platforms or banks. After all, the other party will also check the customer's credit status during approval. Once problems are discovered, they will naturally refuse to approve the loan.

Online loan application conditions:

1. Online loans require applicants to be at least 18 years old and have full civil capacity, and many online loans do not allow current students to apply of.

2. Sesame Credit: Many online loans require authorization from Sesame Credit, so online loans require applicants to have good Sesame Credit. However, different loan products have different standard requirements for Sesame Credit scores. . Applicants are generally required to achieve around five or six hundred points.

3. Personal credit: Some online loans require a credit check, and some do not, but in general, the applicant still needs to have good personal credit.

4. Other conditions: Online loans basically require a mobile phone number and bank card. Especially for mobile phone numbers, online loans will require applicants to have a mobile phone number that has been used for real-name authentication for 3 months or more than 6 months.

Of course, the conditions may be different for different online loan products. The actual situation is subject to the product page display. What to do if you can’t get an online loan

You can’t apply for an online loan because the borrower’s overall situation does not meet the requirements of the lending institution. Borrowers can go to the People's Bank of China or a branch of the People's Bank of China to inquire or print a personal credit report, and determine solutions based on the personal credit report.

The borrower needs to check whether there is a bad credit record in the personal credit report. If the borrower has a bad credit record in the personal credit report, he may not be able to apply for an online loan. If all credit cards or loans in the borrower's name are repaid normally, the letters in the repayment record will all be "N".

If there is a bad credit record in the borrower's personal credit report, the borrower needs to repay the debt in a timely manner. For a short period of time, borrowers will be unable to use the loan services and credit card services provided by the bank. If a borrower urgently needs a loan, he or she can look for loans online that do not require a credit check.

Loans without credit checks have higher interest rates, and there is the phenomenon of cut-off interest. Borrowers need to decide whether to use loans without credit checks. If the borrower does not need a loan urgently, he or she can try online loans after a period of time.

When applying for an online loan, the borrower cannot provide false or invalid materials, otherwise the lending institution will refuse to provide the borrower with a loan. Borrowers can carefully review the online loan contract.