generally, they are in the lending stage after approval. At this time, it's a little troublesome to cancel, but as long as the money hasn't arrived, you can still contact the account manager or customer service for handling. Cancelling the loan at this time may have an impact on your credit information, and may result in certain liquidated damages.

How to cancel the loan at different stages:

1. Not yet approved

When applying for a loan, it is only a temporary need, but after submitting the loan, it is necessary to cancel the loan for some reasons. At this time, if the loan contract has not been signed, the borrower can cancel the contract and terminate the loan application. Just contact customer service to apply for cancellation of the loan before it is approved.

2. Review stage

If the loan is already under review, it is ok for the borrower to cancel the loan. Contact the account manager in charge of you to explain the situation, and he will report to the platform that the review process is terminated. As long as you haven't passed the audit, you can contact customer service to help you cancel the loan.

3. Lending is in progress

Generally, it is in the stage of lending. At this time, it is troublesome to cancel, but as long as the money has not arrived, you can still contact the account manager or customer service for handling. Cancelling the loan at this time may have an impact on your credit information and may result in certain liquidated damages.

4. Loans have been made

It is basically impossible to cancel the loan if the loan is already in the process of being issued or has been received. If you don't want to use the loan, you can repay it in advance, so there will be no interest. However, some lending institutions will have certain restrictions on prepayment, such as not being allowed to prepay within a certain period after the loan, or paying liquidated damages for prepayment, or not supporting prepayment.