There are three reasons why no loan application is approved

1. Personal credit situation is relatively poor: whether it is a bank or various lending institutions, when reviewing loan applications The applicant's personal credit profile will definitely be reviewed. Once it is found that the applicant's credit profile is relatively poor and has a lot of bad credit records, banks and lending institutions will of course reject such applicants with weak personal credit profiles;

2. There are multiple loans: If users frequently apply for loans, it is very easy to cause changes in personal credit reports or big data, too many loan records, and even multiple loans. As a result, banks (lending institutions, platforms) may be worried about the user's unstable economic life and insufficient loan repayment ability when approving loans, and will reject the user's loan application;

3. Personal Insufficient qualifications: Each lending institution has strict risk controls and slightly different evaluation standards. However, if the user's personal information is too simple, it may cause the loan to be unsuccessful.

The above is the relevant content on why any loan application is not approved.

Is there any impact of registering many online loan accounts?

1. Privacy leakage: Because there are too many online loan service platforms or software to apply for registration, there will be some irregular platforms that will If the user's personal identity information is leaked, then the user's personal information is equivalent to having been published on the Internet, and it is very likely that the user will be "loaned" or "carded";

2. Harassment Phone calls: Because personal information is leaked, you will be bombarded with various phone calls, such as promoting investment products, loans, insurance, etc., and you will also receive many different promotional text messages every day;

3. Impact on loan application: Although it is said that online loans will not affect personal credit, because there are too many online loan registrations, users will be asked to authorize communication information if they apply for other online loans. If there are too many SMS messages about the loan, it will affect the loan approval rate.

Can I borrow other loans if the loan is approved but not disbursed?

If the loan is approved but not disbursed, it means that the lending institution is already matching the loan funds. During this period, the user can apply for other loan business. Also during the loan review period, if the user applies for other loans, the loan review will become more stringent, which will lead to the risk of failing to pass the loan review. This article mainly writes about the relevant knowledge points about why I failed to apply for any loan. The content is for reference only.

Reasons for failed loan

Loan application failure may be caused by the following reasons:

The lender’s application age does not meet the requirements; the lender’s credit report Bad, there is a bad credit record in the credit report;

The debt ratio of the lender is too high, with a debt ratio of more than 50; the lender has no fixed source of income and does not have the ability to repay principal and interest; the loan limit of the lending institution is insufficient.

The above reasons will cause the user's loan application to fail. After the loan application fails, you can resubmit the application after a period of time.

Extended information:

Loan means that banks, credit unions and other institutions lend money to units or individuals who use the money, generally stipulating interest and repayment dates.

Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts.

Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income. , increasing the bank’s own accumulation.

Repayment method

(1) Equal principal and interest repayment: that is, the sum of the loan principal and interest is repaid in equal monthly installments. Housing provident fund loans and commercial personal housing loans from most banks adopt this approach. In this way, the monthly repayment amount is the same;

(2) Equal principal repayment: that is, the borrower will evenly distribute the loan amount and repay it in each period (month) during the entire repayment period, and pay the same amount at the same time. A repayment method that clears the loan interest from the previous transaction day to the current repayment date.

In this way, the monthly repayment amount decreases month by month;

(3) Monthly interest payment and principal repayment on maturity: that is, the borrower repays the loan principal in one lump sum on the loan maturity date [with a period of one year] Applicable to the following (including one year) loans], the interest on the loan is calculated on a daily basis, and the interest is returned on a monthly basis;

(4) Repay part of the loan in advance: that is, the borrower can apply to the bank to repay part of the loan amount in advance , the general amount is 10,000 or an integral multiple of 10,000. After repayment, the loan bank will issue a new repayment plan, in which the repayment amount and repayment period will change, but the repayment method will remain unchanged. And the new repayment period shall not exceed the original loan period

(5) Repay the entire loan in advance: that is, the borrower applies to the bank to repay the entire loan amount in advance. After repayment, the lending bank will terminate the loan. loan and go through the corresponding cancellation procedures.

(6) Borrow and repay at any time: The interest after borrowing is calculated on a daily basis, and one day is used to calculate the interest. You can settle the payment in one lump sum at any time without penalty.

How to get the lowest bank loan interest rate

1. Choose the bank with the lowest interest rate to apply for a loan

Although the central bank has issued a benchmark interest rate, the interest rates of all banks will be the same. The base interest rate is raised, and the specific circumstances of the increase vary from bank to bank. Therefore, in order to obtain the lowest bank loan interest rate, you must “compare three loans” and then choose the bank with the lowest interest rate.

2. Pay attention to personal credit information and maintain good credit information

Bank loan interest rates are calculated through computers based on personal credit information, income, work and other information. When other circumstances cannot be changed, we can only maintain a good credit record and try our best to pay off our credit cards on time to avoid overdue payments.

What are the reasons for loan failure

1. Frequent credit inquiries: If the applicant’s credit record shows records of frequent loans and credit cards, the institution will question the financial status of the period. . Generally speaking, the inquiry record in the past six months is an important factor affecting the success of loan application.

2. Excessive debt: The credit report will clearly show every liability of the cardholder in banks and other lending institutions, including the applicant's credit card repayments and loans in the past month. If the applicant's debt is too high, he or she will be considered to have insufficient repayment ability.

3. The applicant has financial debts and has not yet fulfilled the judgment: If the applicant is in debt, involved in civil affairs, and refuses to perform after being enforced, he or she can be included in the list of dishonest persons, thus affecting the loan.

4. Age is not up to standard: Generally speaking, lending institutions have strict requirements for the age of applicants applying for loans. Too young or too old is not conducive to loans. For example, minors cannot apply for loans; those who are older than Men over 65 and women over 60 also have trouble getting loans.

What are the reasons for failure to apply for a loan

1. The debt ratio is too high. You can see your approximate debt situation from the credit report. If the ratio is too high combined with your income, you may The loan failed.

2. Too many credit card installment loans and too frequent Internet small loan applications will lead to loan failure. These situations should be avoided in the near future.

3. In fact, it doesn’t matter if you are overdue once or twice. As long as you pay off the debt in time, there is still the possibility of repair. If there are three consecutive overdue payments, the probability of failure is very high.

4. Try not to borrow in long positions, as this will lower your credit score.

5. If you have recently applied for a small loan/online loan, the system will assume that your repayment ability is insufficient.

6. If you have no credit card and have never applied for a loan, the bank cannot accurately judge your repayment ability based on big data, and the system credit score will be reduced.

7. Small amounts can be overdue for a short period of time, but bad debts, compensation, etc. should not occur and should be dealt with in a timely manner.

This ends the introduction on why the loan was unsuccessful and why the loan was unsuccessful. Have you found the information you need?