Can everyone borrow a small loan?

Why did you give me such a low amount of small loan?

Don’t you need to check your credit report for the second payment of a small loan?

Network audit

Each small loan company has its own network system to conduct preliminary verification of users through unique channels!

Big data analysis

Big data analysis mainly focuses on the comprehensive analysis of users’ personal credit, Zhima Credit, and online consumption footprints. It mainly includes several types:

1. By analyzing the credit report submitted by an individual, you can see the overdue situation, recent financial status, and on-time repayment of mortgage and car loans, mainly to examine the individual's credit situation.

2. Analyze the user’s transaction status in the past three months or six months.

3. Analyze the user’s recent consumption in e-commerce.

4. Analyze the total income, total liabilities, and total assets of the user's family.

If the user has a high score in the preliminary review, the small loan company will skip the post-review stage and directly grant the loan; but if the score is low, the loan will be directly rejected. Ordinary customers generally need to go through the following procedures

Telephone verification

To borrow a small loan, you generally need to leave your phone number for phone verification.

Telephone verification is mainly to verify the information filled in by the user, such as online consumption, transfer, work, loan purpose, etc.

So when filling in the application materials, you should pay attention to the fact that you can investigate during phone verification content and be fully prepared. Don’t jeopardize your loan application by swallowing a phone verification call.

Comprehensive evaluation method

The risk control personnel of small loans will evaluate the borrower’s personal information, assets, historical credit record, income and repayment ability in the past six months, and phone attitude. etc. to judge the overall quality of the borrower. And decide whether to pass the approval and the amount of approval.

Approval of loan

Finally, based on the comprehensive results of all investigations, the borrower's credit limit, agreed interest, repayment method, and loan time are finally determined.

The decisions of small loan companies are based on the profits of small loan companies. The risk of lending by small loan companies is much higher than that of banks, so it is normal for the interest rates to be higher than those of banks. If there are bad debts, it may take the proceeds of 20 loans to make up for it. Related questions and answers: