The borrower's credit report shows "loan approval", that is, the borrower applied for a loan in a bank or other financial institution. There are two kinds of loan approval records, one is inquiry and the other is loan application.

Inquired record: refers to the borrower's authorization to financial institutions, so that financial institutions can inquire about their personal credit reports. It can only show that the borrower has indeed applied for a loan credit line, and whether it has specifically applied for a loan is not necessarily true.

Loan application: The borrower not only applied for a credit line, but also applied for a loan, and should also have corresponding repayment records.

The inquiry times of credit report are generally divided into loan approval, credit card approval, pre-insurance review, guarantor qualification review and post-loan management. Loan approval, credit card approval, etc. It's all ordinary credit records. It does not have much impact on the borrower's credit application.

What does it mean that there is loan approval in the credit report?

The loan approval on the credit report indicates that the user has applied for a loan from a bank or other financial institution.

1. When a user applies for a bank loan, the bank will query the user's personal credit information; When users apply for loans on other lending platforms, they need to inquire about credit records, and institutions will also inquire about users' credit records when auditing. Therefore, these loan approval records will be reported to the central bank's credit information system and recorded.

2. There should not be too many loan approval records, which will lead to the destruction of users' credit information. After the credit information is distorted, it is difficult for subsequent credit business applications to pass the examination. Therefore, when handling credit business, users must pay attention to the interval time, and do not handle credit business frequently in a short period of time, so as to recover credit information within a certain period of time.

3. When applying for a loan, check the credit records left by the bank or loan company. Personal credit report is a document that comprehensively records personal credit activities and reflects personal credit status. It is the basic product of personal credit information basic database. In order to have a clear structure, the content of credit report is divided into several parts according to different information categories, each part is divided into a part, and each part is further subdivided.

4. In some respects, the credit report is our personal privacy, so we need a reason to inquire about the credit record. Someone or some banks can check our personal credit report at will. If we apply for a loan in a bank or a credit institution, credit approval means that the credit institution inquires about your personal credit information in the name of "loan approval". The credit report can show our credit level and debt situation, so when accepting a loan application, the lending institution will inquire about the borrower's personal credit situation, keep the inquiry record of "loan approval" and indicate the name of the inquiry institution.

The loan balance refers to the loan principal that you have not paid off as of the inquiry date. For example, you borrowed a loan of 6,543,800 yuan, and the credit report shows that the loan balance is 50,000 yuan, which means that the loan still has 50,000 yuan in the bank.

The loan approval appears in the personal credit report.

It's normal, loan approval doesn't necessarily have a loan. There are many apps now, and the words loan approval will appear as long as you click. But there may be no loan. Because the loan also needs to verify your personal identity.

Personal credit investigation refers to the activities of personal credit investigation institutions established according to law to collect and process personal credit information and provide personal credit information inquiry and evaluation services according to the requirements of users. Personal credit report is a personal credit history record provided by a credit reporting agency to legitimate information inquirers after processing and sorting out the information collected according to law.

At present, credit reports are mainly used for various consumer credit businesses of banks. With the continuous improvement of the social credit system, credit reports will be more widely used in commercial credit sales, credit transactions, recruitment and job hunting and other fields. In addition, the personal credit report also provides a way for inquirers to examine and standardize their own credit history behavior, and forms a verification mechanism of personal credit information.

The "three principles" of loans refer to safety, liquidity and efficiency, and are the fundamental principles of commercial banks' loan operation. Article 4 of People's Republic of China (PRC) Commercial Bank Law stipulates: "Commercial banks should operate independently, bear their own risks, be responsible for their own profits and losses, and be self-disciplined, and take safety, liquidity and efficiency as their operating principles."

1, loan security is the primary problem faced by commercial banks;

2. Liquidity refers to the ability to recover the loan within a predetermined period or realize it quickly without loss of land, so as to meet the needs of customers to withdraw deposits at any time;

3. Efficiency is the basis of sustainable operation of banks.

For example, if a long-term loan is issued, the interest rate will be higher than that of a short-term loan, and the benefit will be good. However, if the loan term is long, the risk will increase, the security will decrease and the liquidity will weaken. Therefore, the "three natures" should be harmonious, and loans should not go wrong.

Interest refers to the remuneration paid by the borrower to the lender in order to obtain the right to use the funds, which is the use price of the funds in a certain period (that is, the loan principal). The loan interest can be calculated in detail by the loan interest calculator.

What does it mean that there is loan approval in the credit report?

1. What does the loan approval in the personal credit report mean?

The loan approval record on the personal credit report will generally be displayed in the inquiry record, that is to say, the borrower has applied for a loan and been inquired by the lending institution for loan approval, so the inquiry record of the credit report will leave a corresponding record, which will show the inquiry institution, inquiry time and so on.

However, the loan approval record on the credit report does not mean that the borrower's loan is successful, and it should be analyzed in combination with the loan record on the credit report. In fact, it depends on whether there is a lending record with the name of the loan approval inquiry institution in the loan record and whether the lending time is close to the inquiry time.

For example, the loan approval time is 65438+February 20, 2022, and the name of the inquiry institution is China Merchants Bank. Then, it is necessary to inquire in the loan record whether there are any new lending institutions that are loans from China Merchants Bank after 65438+February 20, 2022. If there is a statement that the loan is successful, it does not mean that there is an application but it is not approved.

2. Does the loan approval record affect credit reporting?

Credit is affected for the following reasons:

1, loan approval records, credit card approval and guarantee qualification examination are collectively referred to as hard inquiry records, which all indicate that there have been acts of handling credit business, and the final result may not be successful, but from the perspective of behavioral motivation, it is probably due to lack of money and poor economic conditions.

2. Especially hard inquiry records, which occur relatively intensively and frequently, such as more than three times a month, will make the borrower's credit information rich and colorful. At the same time, it also shows that the current borrower's economic problems are relatively large, and its corresponding lending risks will skyrocket, which may be rejected by subsequent credit institutions in the approval process.

Summary: Although the loan approval record is slightly lighter than the overdue record, it will make the borrower's credit information colorful, indicating that the financial situation is not good and the repayment ability is not good, which is not conducive to the subsequent loan and credit card approval, so the borrower should be cautious.

Third, how to eliminate the loan approval record?

As long as the borrower does apply for a loan and the lender inquires about the credit information for the reasons of loan approval, the loan approval record left behind cannot be deleted manually, even if it is declared by the lender.

If the borrower wants to eliminate the loan approval record, he has to wait patiently for two years. Because the loan approval record will only be kept in the credit report for 2 years before it will be eliminated, the borrower can calculate its elimination time according to the time of the loan approval record.

For example, the loan approval record time is 65438+February 27, 2022, and it will not be automatically deleted from the inquiry record on the credit report until June 27, 2024.