If only the loan is approved, the applicant can cancel the loan. Specifically, if the applicant fails to sign the loan contract during the examination and before the loan is issued, or the applicant fails to sign it, the loan can be cancelled. Generally speaking, financial institutions will not agree to cancel immediately and need to go through the examination and approval procedures of institutions. In addition, if a loan contract is signed and there is no loan, it is legally regarded as prepayment, and the liquidated damages shall be paid according to the contract.
I. Types of loans from financial institutions
At present, there are many kinds of loans from financial institutions, and there are also many online microfinance platforms. Applicants need to know the qualifications, interest rates and repayment forms of lending institutions when borrowing money, and don't be deceived and fall into the strange circle of non-performing loans and usury. Generally speaking, the main choice is loans issued by commercial banks. There are four forms of loans issued by commercial banks: entrusted loans, credit loans, mortgage loans and discounted bills. Entrusted loans refer to loans provided by clients such as government departments, enterprises, institutions and individuals, and issued, supervised and recovered by lenders (i.e. trustees) according to the loan object, purpose, amount, term and interest rate determined by clients. The lender (trustee) only charges the handling fee and does not bear the loan risk. Credit loan refers to the loan issued by the borrower's credit. Its characteristic is that the debtor can get a loan only by his own reputation without providing collateral or third-party guarantee, and the borrower's credit degree is used as repayment guarantee. Mortgage loan refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity. Bill discount means that the borrower transfers the unexpired commercial bill (bank acceptance bill or commercial acceptance bill) to the bank and obtains the funds after deducting the discount interest.
Second, whether personal loans need guarantee.
For personal loans, the borrower must provide a guarantee. If the principal and interest of the loan cannot be repaid at maturity, the lender has the right to dispose of its collateral or pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest. Therefore, to apply for a loan amount, we should do what we can and choose the appropriate repayment method: equal principal and interest repayment or equal principal repayment. The advantage of equal repayment method is that the borrower can accurately grasp the monthly repayment amount and arrange the family's income and expenditure in a planned way. Average capital's repayment method is more suitable for individuals who have strong repayment ability at the initial stage of repayment and want to pay a large amount at the initial stage of repayment to reduce interest expenses.
The loan applied to the bank is under examination and approval. Is there no loan to cancel?
According to the specific circumstances, revocation has certain risk consequences to bear.
1. The loan applied to the bank is under approval. Is there no loan to cancel?
(1) If the loan has not been issued at the time of loan, the loan can be cancelled.
If a contract is signed, but the loan is not repaid, it will be regarded as early repayment and the liquidated damages will be paid according to the contract.
1. This breach of contract is recorded in the personal credit record;
2. The expenses incurred at the initial stage of the loan will not be refunded or supplemented;
3. It is necessary to inform the bank of the reasons for not accepting loans;
4. Sign an prepayment contract with the bank;
5. Pay a certain penalty;
6. It has a certain impact on future loan applications.
(two) the loan has been approved, and you don't want to use the money, but you can cancel it before signing the contract, which is regarded as automatic abandonment of the loan.
1. No fine is required;
2. Pretreatment fees will not be refunded or supplemented;
3. It will affect re-applying for bank loans in the future;
4. It is suggested to inform the bank in advance and explain the reasons why no loan is needed.
Second, the conditions for applying for bank loans.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans.
The conditions for banks to apply for loans include the following: 1, good credit record and willingness to repay; 2. Have certain stable repayment ability; 3. There are clear loan purposes and justified reasons; 4.70 years of age with full capacity for civil conduct. It should be noted that during the loan period, there can be no problems with credit information and you cannot apply for other loans.
Banks should first pay attention to repayment ability when approving loans, so everything they provide revolves around this condition. Credit report is a very important thing, which will reflect a person's basic information, work unit, overdue times and loan records. Banks will focus on the repayment records of the borrowers or companies before applying for loans, so they should provide stable work certificates, stable residences and good repayment records when applying for loans.
The loan approval time is between 7- 15 working days. In the process of examination and approval, we need to pay attention to two issues. First of all, our income certificate has been submitted. At this time, we can't apply for other loans, which will affect a person's repayment ability. Second, there should be no major changes in our credit report. If there is a current overdue, the loan will definitely not be approved. In this way, you need to wait until next month, and if it is serious, the direct approval will not pass.
Loans have not been issued. Can I get a refund?
The loan has passed the loan review, and the user has signed a loan contract with the lending institution. At this time, even if there is no loan, the loan application cannot be cancelled. In the loan review stage, the user can cancel the loan application. If the user wants to cancel the loan after the loan is approved, he can choose to pay off the arrears in advance, so that the loan contract can be terminated in advance.
When users apply for online loans, as long as they pass the loan review, the system will automatically generate an electronic loan contract. Unless the lending institution does not lend money, it cannot cancel the loan.
I. Loans
Loan (electronic IOU credit loan) is simply understood as borrowing money with interest.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Second, the principle of loan
The "three principles" 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, so that there can be no problem with the loan.