Loan rejected? It may be caused by these reasons!
Being rejected for a loan is a very worrying issue, especially when you are facing obstacles everywhere. Anxiety is not only due to the inability to obtain a loan in time to relieve the current financial pressure, but more importantly, borrowers often do not know why they have been rejected, so they do not know how to borrow money next. So what are the reasons for loan rejection?
1. Common reasons for loan rejection
1. Credit white account. The simple understanding of credit white account is that the user has no historical credit record and has never applied for a credit card or loan. This type of user Although it does not mean that the credit is bad, the lending institution has no evidence and therefore cannot judge the user's risk level. Some loan products explicitly require applicants to have a credit record, such as lending to you.
2. Bad credit: Overdue records are the most common factor, especially those that are overdue for more than 60 days. Most banks have classified all loans that are overdue for more than 60 days as non-performing. If there is no overdue record, or the overdue loan has been paid off, you should also pay attention to whether the following conditions exist: Loan applications are frequent and frequently rejected. The credit report will display a large number of loan approval query records, but no loan records. Assets frozen by banks. The occurrence of a freeze means that the user has credit risk and has a weak repayment ability. The court's request for preservation, the tax authority's request for preservation, the industrial and commercial departments' request for preservation, etc. are common reasons for assets to be frozen by banks. Especially if there are records of persons subject to execution that have not yet been closed in the past two years, basically no institution will lend money.
2. Industry blacklist includes high-energy-consuming and high-pollution industries such as steel trade, chemicals, and cement, industries with unstable incomes such as freelance work, sales, intermediaries, and entertainment, as well as sensitive industries such as students, military and police, etc. They are all blacklisted industries in the credit field, and it is very difficult or even impossible to apply for a loan.
3. Debt ratio: Generally, the debt ratio of personal loans cannot exceed 50. The lending platform can understand the user’s debt ratio through the personal credit report, including the user’s current number of borrowings, the outstanding amount, and the number of credit cards. Liabilities. However, liabilities also depend on the situation. Normally repaid mortgages, car loans, large credit cards, and student loans are also considered liabilities of the borrower, but they also reflect the borrower's higher willingness to repay. and repayment ability. Therefore, this type of liability does not have a great impact on loan approval, and is even regarded as a high-quality customer. For example, Shanghai Pudong Development Bank’s Puyin Diandai is only open to Shanghai Pudong Development Bank mortgage customers, agency customers, and financial management customers.
4. Other personal information Each lending platform has its own risk control system, so many inconspicuous personal details will also affect the final review results. For example, the upper or lower borrowing age limit is exceeded, the user's city is not open for business, the real-name mobile phone number is less than 6 months old, single and has no reliable contacts, etc.
2. These products are relatively easy to apply for
1. Click here to apply for Merchants Union Haofeng Loan online Introduction: Belongs to China Merchants Union Consumer Finance, age Required to be between 22 and 55 years old. Daily interest rate range. Ctrip Finance. Click here to apply online. Introduction to Ctrip Finance: Ctrip Finance Age range: 22 to 55 years old. The maximum loan can be 200,000. The daily interest rate is the lowest. You can borrow it. Introduction: Borrow Your age range is: 20 to 55 years old. The success rate of placing a loan is relatively high. Why is the bank rejecting the loan? The main reason is here
For ordinary people, it is inevitable to apply for a loan when buying a car or a house, but some friends were rejected when they applied for a loan from the bank. So, why do banks reject everyone's loans? Here I will tell you the reasons in detail.
Reasons why the bank loan was rejected 1. When it comes to why the bank loan was rejected, the first thing that everyone should think of is that the personal credit report is not very good and does not meet the bank’s credit requirements; 2. The own income level is not It is very high, and it already has a lot of debt, and its ability to repay new loans on time is relatively poor; 3. Loan policies have been tightened, loan review has been strengthened, and there is a shortage of bank loanable funds; 4. The personal information provided has been omitted. . The concealment has been verified by bank staff; 5. The purpose of the loan does not comply with the design characteristics of the bank's products or is within the bank's loan restrictions. After understanding why bank loans are rejected, here are some things to note when applying for bank loans. I hope it will be helpful to you. 1. Because the loan policies and credit lines of major banks are different, you must first compare the mortgage conditions of major banks before choosing a lending bank; 2. Be sure to submit loan information based on your actual situation. Do not make false reports or conceal reports, otherwise it will only be self-defeating; 3. When choosing a loan product, you must carefully understand the specific content of the loan product and choose the loan product that best suits your purpose; what are the reasons for failure to pass the loan review
1. The applicant has a bad credit record
Nowadays, loan institutions are basically connected to the People’s Bank of China’s credit system, and they need to refer to the user’s personal credit report when reviewing the user’s application. If there is a bad credit record on the credit report of the applicant, the loan platform will be suspicious of the user's repayment ability. In order to avoid taking the risk that customers may be unable to repay the loan, the loan platform has a high probability of rejecting the user's loan application.
2. The applicant's debt ratio is too high
When a user applies for a new loan, if there are still unsettled external liabilities, it will lead to his current external debt ratio relatively high. In this case, the loan platform will worry that the user's current external repayment burden is too heavy. In order to reduce lending risks, institutions will temporarily not approve users’ loan applications. It is best for applicants to properly pay off some of their external liabilities before considering applying for a new loan.
3. Not meeting the platform application conditions
The loan platform has specific requirements for the borrower’s application qualifications. For example, if the applicant does not meet the minimum or maximum age requirements that the platform needs to meet, or the user's income does not meet the standards, etc., he will not be able to apply for a quota. Therefore, before applying for a loan, applicants should carefully browse the platform’s application qualification requirements in order to increase the loan approval rate.
4. The loan information filled in by the applicant is incomplete
When submitting an application, users should complete all required information on the platform application interface. Users should pay attention to whether the submitted information is complete and clear, carefully check whether there are any gaps, and must not commit fraud. If there are any omissions, they should be completed in time.
5. Insufficient loan quota on the platform
Some loan platforms will limit the number of daily loan quotas and quotas. If the number of applicants or the application quota on that day has reached the upper limit of the platform, the platform will temporarily The application channel has been closed. You need to pay attention to the time when the platform refreshes the quota every day and changes in the number of applicants, and be ready to submit applications in time.
6. Non-platform loan counterpart customers
Some loan platforms will launch corresponding loan products for specific user groups. If the user does not belong to the specific user group, it is easy to encounter approval failure. situation. For example, some lending institutions will launch small consumer loans specifically for young people. If the user applies for a loan to start a business, it is easy to fail.