The loan approval means that you have applied for a loan, the lending institution checks your credit information, and the credit card approval is the same. There is also post-loan management, that is, the institution that gave you the loan checks your repayment.
2. What do loan approval, credit card approval and loan management mean in the credit report?
You will often see loan approval, credit card approval and post-loan management in the details of the agency's inquiry about credit information, which refers to the reasons that banks choose when inquiring about the credit information of borrowers or applicants.
Loan approval: loan approval is to apply for a loan from a bank. For example, when applying for a housing loan, the bank will check the lender's credit report first, so that the loan approval will be displayed on it. There will also be other words such as applying for credit loans and mortgage loans. Credit card approval: as the name implies, it is to apply for a credit card from a bank, and the bank inquires about the applicant's credit information in the name of applying for a credit card. Post-loan management: Post-loan management refers to the bank's inquiry about the information filled in the credit information when lending money to borrowers or issuing credit cards to cardholders for later maintenance. For example, in loans overdue, the bank will check the lender's credit information to see if it needs to be collected after the deadline. Or, if the credit card needs to be upgraded or has not been repaid, the bank will check the credit information of the borrower or cardholder. 3. What do you mean by post-loan management and credit card approval?
Post-loan management is the last link of credit management, which plays a vital role in ensuring the safety of bank loans and preventing and controlling cases. Post-loan management is an important link to control risks and prevent non-performing loans. The specific form of post-loan management refers to the credit management activities after loan issuance or credit card issuance. Banks or other financial institutions will check the credit information at regular intervals after the credit card or loan is issued.
Credit card approval means that the credit card is being audited, which means that the audit center has received the information. After receiving the application materials, the bank credit card promoters will transfer them to the audit department of the credit card center, and then apply for the card after passing the audit.
Extended data:
Matters needing attention in post-loan management:
1. For whatever reason, the loan cannot be returned to the borrower's (and spouse's) bank account, nor can it be transferred multiple times through online banking. If it is monitored that funds flow back to the borrower and associated accounts, the loan may be forcibly recovered.
2. After the bank lends money, it begins to pay back the monthly payment. Different banks have different repayment dates, so the first repayment amount is also different. Some banks set a fixed repayment date, such as the following month 1 or 15, and some banks choose the repayment date according to customers' wishes.
3. Different banks have different requirements for prepayment. Most banks did not pay the liquidated damages after one year, and very few banks required five years, depending on the loan contract.
Baidu Encyclopedia-Post-loan Management
Baidu encyclopedia-credit card
Baidu Encyclopedia-Approval
4. What is the meaning of credit report loan approval?
Credit information shows that loan approval means that the lending institution inquired about your personal credit information in the name of "loan approval". The credit report can show our credit level and liabilities, so the lending institution will inquire about the borrower's personal credit when accepting the loan application, leaving the inquiry record of "loan approval" and also indicating the name of the inquiry institution. In the early days of the establishment of China's credit system, many people paid insufficient attention to personal credit, so credit card or loans overdue behavior appeared. Because banks and work units will refer to these credit records, long-term negative information has a serious impact on their lives and work. Because the relevant departments have not clearly defined the restrictions on negative records, in the old version of the central bank's personal credit report, overdue records will be displayed no matter how many years ago. The new credit report only shows the overdue records of consumers in the last five years. In the past, some people complained that they couldn't understand the personal credit report, because it was full of tables and numerical codes, and what each number meant had to refer to the notes to understand it. The new version of the report has changed the presentation mode based on tables and used more words to describe it. At a glance, the public will know which cards are overdue and which repayments are normal. At the same time, the new report also reserved an exhibition area for information such as asset disposal and guarantor's compensation. Loan approval is a process in which the person in charge of credit business conducts "finding out the facts, mastering the policies and determining the loans" according to the loan application and pre-loan investigation opinions within the prescribed approval authority. Working capital loans shall be subject to three-level examination and approval system. The leaders in charge are responsible for the decision-making of the loan issuance results. Identify the facts, that is, the approver re-examines the reasons and uses of loans provided by enterprises and loan personnel, and correctly identifies its nature. Grasp the policy, and finally decide whether to lend or not, whether to lend more or not, on the basis of ascertaining the facts and according to the credit policy determined by the state and higher-level banks. Determine the loan mainly to determine the loan amount, repayment period, interest rate and loan method. Some loan principals should also ask loan officers to conduct follow-up investigation and monitoring. Any loan must adhere to the principle of "two signatures" or "three signatures" for loan approval. In other words, each loan must be investigated by the loan officer, and the preliminary examination opinions are put forward, and the loan can only be issued after the approval of the credit section chief. Loans with a large amount or "three signatures" according to regulations shall be signed by the president. No individual may sign a wholesale loan alone.