1. does not meet the loan conditions: the lending institution will evaluate the applicant's qualifications according to certain standards. If the applicant's personal conditions do not meet the requirements, such as age, admission time, etc., the provident fund loan may not be approved.
2. There are other loans or arrears: If the applicant has other outstanding loans or outstanding debts, the lending institution may think that the applicant's solvency is insufficient and worry that the loan will not be repaid on time, so it may refuse the loan application.
3. Bad credit record: Financial institutions usually check the applicant's credit record. If the applicant has bad credit records such as overdue, default, etc. Lending institutions may be afraid that the applicant's credit status is not good, so they are reluctant to grant loans.
4. Unstable employment: provident fund loans usually require a stable source of income. If the applicant's working life is short or his job changes frequently, the lending institution may be worried about the stability of repayment ability and will not approve the loan.
5. Insufficient balance in the provident fund account: Provident fund loans generally require a certain deposit balance in the provident fund account as a guarantee for the loan. If the balance of the applicant's provident fund account is insufficient or there is not enough guarantee amount, the loan application may be rejected.
Generally speaking, the approval of provident fund loans is related to personal qualifications and credit status. If this happens, the loan application may not be approved. Before applying, I suggest you know your own conditions and qualifications, and plan the loan demand reasonably according to the actual situation.
Don't take it lightly when online loans are overdue. In addition to being collected, personal credit will also be affected, especially online loans with credit information. Once there is such an overdue record, it will seriously affect the handling of bank loans and credit cards in the future. Even if the processed online loan cannot be credited, you can access big data. You can view your online loan history, overdue details of online loans, liabilities, untrustworthy information and online loan blacklist in "Kingfisher Data".