1, missing data
There are only two reasons why the information is not uniform, and I won't or won't. No, such as personal business without business license, lost documents, etc. Unwilling, such as personal credit information, proof of income flow, etc. In fact, the feedback of car loan information and qualification is directly proportional, which is the most influential link in the whole car loan process.
The news is not true.
There has been such a situation. Before submitting the application materials, a few users will think that the better the income status of personal accounts and the better the nature of work, the higher the pass rate of car loans. Therefore, people will lie about their personal situation and submit false personal accounts. As a result, the approval will not be passed because of false information.
3. Insufficient repayment ability
The bank will check the repayment ability of the applicant when approving the loan. If the debt is too much, or the salary is too low to pay the monthly payment, it is likely to be rejected.
4. High debt ratio
Debt ratio refers to the need to undertake other loan projects while applying for car loans. Too high debt ratio will affect the approval, the reason is simple and the potential risk is high.
5. Bad credit information
Banks or financial institutions focus on the credit information in the past two years, and it is most fatal if there are overdue records at that time. For example, many overdue cases are blacklisted, and it is necessary to pay off the arrears and maintain a good credit record for 2 years before you can get the opportunity to apply for a loan again.
Extended data:
The solution after the car loan was rejected:
1. Rejected due to insufficient repayment ability. Reduce the loan amount and extend the loan term.
2. Rejected due to high debt ratio. Pay off your outstanding loans and reduce the debt ratio.
3. Rejected due to false information. Submit real information.
4. Rejected due to lack of information. Fill in the information required for car loan.
5. Rejected due to poor credit information. Personal credit is poor, and users need to maintain good repayment habits before they have the opportunity to apply for loans.