Can I refinance my car loan if it is rejected? If the car loan is rejected, you can still borrow again. Before applying again, it's best to find out the reasons for refusing the car loan, so as to avoid being rejected for the same reason next time. Generally speaking, the main reason for refusing car loans is personal credit problems or excessive personal debt. If you want to apply for a car loan, you must keep your personal credit report and reduce your personal debt. The reasons for refusing the car loan are as follows. For example, if you want to apply for a bank car loan, you must have a good personal credit report, because if you find yourself overspending for three or six times in a row recently, you will definitely be refused a car loan. Applicants need to maintain a good credit record for two years. During this period, don't apply for small loans frequently, so as not to generate too many inquiries and credit records. The information is incomplete, the bank car loan audit is strict, and there are many documents to be verified. On the one hand, if the borrower fails to provide complete information, it may slow down the approval process and be easily rejected. If the repayment ability is insufficient, the bank will also check the income level and debt status during the audit process to evaluate the borrower's repayment ability. Too low income and too much debt will lead to the failure of car loan review.

Can I do it if the car loan is rejected?

If the car loan is rejected, we must first find out the specific reasons for the rejection. If it is because of personal credit problems, you can't apply again. If it is because of the income problem, you can wait until the income increases before applying; If the information is incomplete, you can reapply after filling in the information. There are several common reasons why the loan cannot be approved: 1. Personal.

Can I do it if the car loan is rejected?

If the car loan is rejected, we must first find out the specific reasons for the rejection. If it is because of personal credit problems, you can't apply again. If it is because of the income problem, you can wait until the income increases before applying; If the information is incomplete, you can reapply after filling in the information.

There are several common reasons why a loan cannot be approved:

1. Personal credit difference

When applying for a loan, the bank will check the borrower's credit report first. If the report shows that "the loan is overdue for more than three consecutive times or accumulated for more than six times in the past two years", the loan will be rejected.

Solution: It is an indisputable fact that banks have strict credit requirements for borrowers. In this case, we might as well choose a non-bank financial institution with a relatively low loan threshold.

2. Low income

Bank loans require higher income for borrowers. For example, the current loan group of Standard Chartered Bank requires borrowers to earn more than 4,000 yuan a month. So if the income is not up to standard, it is difficult to get the same loan.

3. Unbalanced loan information

To apply for a bank loan, the borrower must provide complete loan information. If the loan information is incomplete, the loan will also be rejected.

Solution: Fill in the loan information and submit it to the bank.

There are many channels to apply for a car loan. If banks handle car loans, the requirements are relatively strict. If you can't handle it, you can choose an auto financing institution to apply. The interest rate is a bit high, but the loan pass rate is much higher.

What if the car loan is rejected?

If the loan is refused due to insufficient repayment ability, the loan amount will be reduced and the loan term will be extended; Rejected because of high debt ratio, paying off outstanding loans and reducing debt ratio; Rejected due to insufficient information, fill in the information required for car loan; Because the credit information is too poor to refuse, poor personal credit information requires users to maintain good repayment habits before they have the opportunity to apply for loans.

Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car. To apply for a car loan, the borrower generally needs to prepare the ID card, work certificate, residence certificate, bank account number and other materials, and fill in the loan application form. In addition, lending institutions issue loans within 3-7 working days. After the borrower pays the down payment, he will pick up the car with the car pick-up form issued by the lending institution, and the amount of car loan will be determined according to his personal qualifications.

Car loans are generally rejected when users have poor credit information, insufficient repayment ability, high debt ratio and insufficient income. After the car loan application is rejected, the user can submit the car loan application again. When submitting a loan application for the second time, we must first solve the previous problems. If it is only submitted repeatedly, the audit result is the same. In addition, it is not recommended to submit applications repeatedly in a short period of time, and it is best to have a period of time between the last applications. Can I do it if the car loan is rejected? What if the car loan is rejected @20 19

Can I still apply for a loan after the car loan is rejected?

After the car loan is rejected, you can still apply for a loan, but the application result may still be rejected, because the personal qualifications for continuing to apply have not changed, and you will still not meet the application conditions. Therefore, it is suggested that after the car loan is rejected, you can try to apply again after three months. Personal credit can be increased and personal debt can be reduced within three months to meet the application conditions, so the chances of application passing are very high.

First of all, we need to know what the terms of the car loan are:

1. The borrower is a citizen aged 18-66 with full civil capacity.

2, need to provide personal identity documents, local permanent residence or valid proof of residence.

3. The borrower shall guarantee to repay the loan principal and interest on time, and have a stable job and economic source or realizable assets.

4. The borrower needs to have enough financial resources to pay the down payment for car purchase.

5. The borrower may also need to provide a guarantee approved by the bank.

6. The borrower is willing to accept other conditions deemed necessary by the bank.

Consumers can compare whether they meet the requirements for handling auto loans. If they meet the requirements, but the car loan is rejected, they need to ask the staff of banks or other lending institutions if there are other problems that lead to the loan being rejected.

Can I continue to apply for a car loan if I am rejected?

After the car loan is rejected, if the user reapplies immediately, it is very likely to be rejected again. On the one hand, the credit status of users has not changed in a short time. On the other hand, if you don't meet the application conditions, just because you submitted another application, you don't meet the application conditions.

The more correct way is to confirm that you meet the conditions for applying for a car loan every once in a while, and then apply for a car loan, so that it is possible to pass the car loan review.