Small loans refer to credit loans. All loans need to be reviewed by the lending institution. However, some loan platforms have different review requirements for loan qualifications, and the approval rates are different. Small loans require users to have good personal credit before they can apply for them. They do not require anything as collateral. However, the institution that issues the loan will also conduct certain reviews on the user's identity information, loan repayment ability, and personal credit report. It is very possible to say that the loan can be issued without any review at all. The above is the content related to small loans that do not require review.
Introduction to loan review
In real life, if users encounter financial difficulties, they usually go to banks and other financial institutions to apply for loans. Then when applying for a loan, the user is required to provide personal identity information, proof of work, property status, personal credit report and other materials. The bank will conduct a comprehensive review of the user's information to ensure that the materials provided by the user are not falsely reported. true. If it is determined to distribute a loan to the user, the bank and the borrower need to sign a loan agreement and establish the loan obligations and other related matters before the bank will distribute the loan. After obtaining a loan, users need to repay the principal and loan interest on time.
Do I need to cancel the small loan after repaying it?
After repaying the small loan, the user can cancel the loan account if he does not need to apply for this loan in the future. If you still want to apply for this loan in the future, there is no need to cancel the small loan account. For small loans, only if you apply for a loan and the loan is successfully disbursed, you will be charged interest. If you do not apply for a loan, you will not be charged any fees. In addition, regardless of whether the small loan account is canceled or not, the user's loan record will always be saved. Therefore, closing the account does not mean that the loan record will be deleted. If the user's personal credit report has a record of overdue repayment of a small loan, then the overdue loan needs to be paid off as soon as possible, so that the overdue loan record will be deleted as soon as possible. Generally speaking, whether a user should cancel a small loan account mainly depends on whether the user has a need for a loan in the future. If there is a need for a loan, the user is better off keeping the account. After all, some small loan accounts do not support re-registration after cancellation. When users want to apply for a loan again, they can only apply for other loans. This article mainly writes about knowledge points about small loans that do not require review, and the content is for reference only.