After applying for a loan, it will be shown on the credit report. The lending institution will classify the loan into five major categories based on the borrower's risk level. The borrower can check the type of loan status on the credit record on the credit report. Some people may ask what does it mean that a personal loan is not in a normal status? Here I will give you a brief introduction.

What does it mean that a personal loan is not in a normal state? The five-level credit classification of personal loans includes normal, special mention, substandard, doubtful, and loss. Therefore, personal loans are not in a normal state and may be in any of the latter four states. The following is a rough analysis of the five-level classification of personal loans. . 1. Normal: There is no problem with the borrower's repayment ability, he can fulfill his repayment obligations, and will not cause losses to the financial institution. The money lent by the financial institution can be recovered. Generally, loans that have never been overdue will basically show normal. 2. Concern: It means that there is no problem with the borrower's repayment ability, but there are some risk factors, such as individuals with relatively low debt, or short-term overdue, current overdue, etc. Although it is not very serious, it may affect the repayment ability if it continues in the long term. There will be an impact and the loan will suffer losses, but the degree of loss will not be greater than 5. 3. Substandard: refers to the fact that although the borrower has normal income, it is still not enough to repay the debt, and the repayment ability is obviously insufficient. This is usually because there is a large amount of debt that is difficult to repay, and the borrower needs to provide asset mortgage or find a guarantor. For loans, the loss rate is between 30 and 50. 4. Suspicious: It means that the borrower's repayment ability is seriously insufficient, and even if it provides a mortgage or guarantee, it cannot obtain a loan, because it will also cause great losses to the financial institution, with a loss rate as high as 50 to 75. 5. Loss: Refers to the fact that the lender has no solvency at all. No matter what form of repayment is used, the lending institution cannot recover the principal and interest or can only recover a very small part. Usually, if the lender is overdue for a long time and multiple collections have no effect, it will be classified as a loss, with a loss rate of more than 90%. The above is the relevant introduction to "What does it mean when personal loans are not normal", I hope it will be helpful to everyone.