What are the reasons why an online loan application is rejected?

1. Positive answer

The rejection of various online loans may be due to the following reasons.

2. Specific analysis

1. There is a problem with the credit report. When applying for an online loan, the platform will check the credit report. If there is a bad loan record on the credit report, , too many query records and multiple loan records will make the platform worried. For risk control considerations, lending institutions will directly reject loan applications.

It is also difficult to recover if there are problems with your credit report, especially if there are overdue records on the credit report, which will have a lasting impact for several years.

2. Income does not meet the requirements. When applying for an online loan, you need to have a stable and sufficient source of income. This is a guarantee of being able to repay on time. If your income does not meet the requirements of the platform, the platform will naturally Don't worry about making the payment.

In this case, you need to find ways to increase your income level.

Be more cautious when applying for an online loan if your income does not meet the requirements. Even if you have obtained the loan limit, do not use it lightly. If you do not repay the loan as agreed later, it will cause an overdue loan and you will have to bear a larger liability. Serious overdue consequences.

3. The debt ratio is relatively high. If you are burdened with debts from multiple lending institutions at the same time, your debt ratio has reached a relatively high level. In this case, the overdue risk will be greater. Therefore, online loan platforms dare not easily grant loan quotas.

If this is the case, it would be better to lower your debt ratio. Controlling the overall debt ratio below 50 can not only reduce the risk of overdue, but also not delay your credit activities.

4. Personal information has expired. When applying for a loan, you need to complete real-name authentication and upload a valid ID. If the validity period of the uploaded ID card has expired, the platform will not agree to the loan according to compliance requirements. To apply, you need to update your identity information in a timely manner.

5. Abnormalities in online loan big data Online loan big data is somewhat similar in function to credit reports, but it mainly reflects the historical loan situation. If there is a problem with the online loan big data, for example Illegal use of online loans or failure to repay online loans on time will also cause a lot of trouble when carrying out credit activities.

6. The total credit limit is too high. If you already have credit on multiple platforms and have used a large number of credit lines, this means that the lending risk is high and the lending institution will not agree to approve the loan. of.

7. If you do not meet the age limit and want to apply for an online loan, your age needs to meet the requirements of the lending institution. The minimum required age is over 18 years old. Some lending institutions will have stricter age requirements. , if you do not meet the age requirements, you will naturally not be able to obtain a loan amount.

8. If you do not have the capacity for civil conduct, for example, because of physical or other reasons, you cannot bear the creditor-debt relationship. In this case, in order to protect your own interests, the platform will not agree to the loan. Apply.

It can be seen that there are many reasons for being rejected by multiple online loan platforms. You can compare your actual situation to see where the problem lies, and then make adjustments according to the requirements of the lending institution. Your qualifications meet the loan requirements.

You can get a big data report from Xiaoqixincha, find out your overdue records, and classify your online loans into formal and informal, credit-reported and irregular. On the credit report. If you want to repay the money but don't have enough funds, then negotiate with the online loan platform and give priority to repaying those with regular credit reports to minimize the impact on you.

3. Why do online lenders always call and ask if they want a loan?

Users always receive calls from online lending institutions asking users whether they want a loan, usually because the user's personal information has been leaked.

When applying for an irregular loan or filling in and registering some information on a daily basis, personal information may be leaked.

After personal information is leaked, some businesses will obtain the user's information and then call the user's phone number to promote their products or services.

In daily life, users must be careful not to easily leave personal information such as names, mobile phone numbers, and ID numbers. At the same time, if they often receive loan sales calls, they can intercept them through interception software.

Users must fill in the loan information themselves and submit the loan application before they have applied for the loan.

Just by answering the phone, the user will not be forced to apply for a loan.

It should be noted that some lending institutions will also record phone calls. Users should not reply with ok, okay, etc. after answering the phone, otherwise the other party may think that the user wants to apply for a loan. Online loans are not overdue but are always rejected. What are the reasons?

If a customer is always rejected when applying for a loan, it may be due to the following reasons:

1. The customer’s credit is not good

Because regardless of the Whether it is a bank, lending institution or platform, they will review the customer's credit report or big data during the loan approval process to understand the customer's latest credit situation. Therefore, once the handling bank (lending institution, platform) discovers that there are recent bad records in the customer's credit report or big data, most of them will refuse to approve the loan because they are worried about the greater risk of overdue loans.

2. There is a situation of multiple loans

If customers frequently apply for loans, it is easy to cause the personal credit report or big data to become "spangled", there will be too many loan records, and even multiple loans will occur. Condition. If there are many credit products under your name that have not been repaid, it will also appear that your personal debt ratio is too high. As a result, banks (lending institutions, platforms) are likely to be worried about the customer's unstable economic life and insufficient repayment ability when approving loans, and will easily reject the customer's loan application.

If you are unclear about your debt and online loan data, you can get an online loan big data report from Xiaotian Quick Check, a small program, about online loan application records, overdue details and blackmail Lists and other information have data.

Extended information:

What should I do if my online loan application is rejected too frequently?

If you are rejected due to too many online loan applications, it is best not to apply for a loan in a short period of time, but to improve your personal credit first and maintain a good credit record. If you really can't turn around the funds, you can choose to find relatives and friends to turn over, or use credit cards, etc.

You should also pay attention to the repayment time for online loans you are using. It is best to set a time to repay in advance and avoid overdue payments, otherwise it will have a negative impact on your personal credit. Why do I always fail to get approved for online loans

The reasons for failing to get approved for online loans are as follows:

1. The conditions are not met: Although the application conditions for online loans are simple and the threshold is low, It is not completely zero threshold and zero requirements. They will impose requirements on the age, score, income, and credit status of the applicant. If the borrower does not meet the application standards, the application will naturally be rejected.

2. Incomplete information: When applying for an online loan, you also need to register a personal account and fill in personal information. When entering your own information, the more complete and authentic the information, the higher the application approval rate and loan amount will be. high. On the contrary, if some key information is omitted or the facts are deliberately exaggerated, once the system detects it, it will think that the applicant is suspected of loan fraud and reject the application.

3. Poor credit: Many online loans are unsecured and unsecured credit loan products. A good personal credit report is a prerequisite for applying for a loan. Online loan data is too expensive or the personal credit record is poor. Applicants who are overdue for too many days or too many times are likely to be excluded.

4. Excessive debt: The asset-liability ratio is also an important factor in the success of loan applications. Lending institutions will have a certain tolerance for the applicant's overall (or online loan) debt ratio when approving loans. If it exceeds the tolerance range, the lender will reasonably question the applicant's repayment ability and willingness to repay. In order to avoid risks and prevent loan funds from being unrecoverable, the online loan application may not be approved.