To be sure, in the process of applying for loans, financial institutions have requirements for debts under everyone's name. Because a person's repayment ability mainly depends on two aspects, on the one hand, his financial resources, such as work income and assets under his name, on the other hand, his debt ratio. To put it simply, even if a person has a monthly income of more than10,000, but needs to repay more than 95,000 a month, then the disposable income is still very small, and the overall repayment ability is not strong. Therefore, in order to ensure the safety of internal funds, so that every loan can be recovered as scheduled, the liabilities of users will be strictly reviewed during the qualification review process. Under normal circumstances, as long as the debt ratio does not exceed 50%, it will not affect the loan approval. If it exceeds 70%, it will basically be rejected by the platform.
In fact, the current online loan products have relatively low requirements for user liabilities, and even many products do not look at user liabilities. But for the borrower himself, it is still necessary to try to control the debt ratio below 50%. This can not only ensure the quality of everyone's daily life, but also avoid overdue. If you blindly apply for loan products, with the increasing debt ratio, the possibility of overdue repayment in the future will become greater and greater. Once there is a problem or accident in the capital chain, it is likely to be overdue or even unable to repay. At that time, the problem will get worse and bring you a lot of unnecessary trouble.
We must be rational about the loan. To solve economic problems, we must start with increasing revenue and reducing expenditure.