1. Bad credit record. Personal credit is an important basis for borrowing institutions to review loans. If many users accidentally overdue loans, credit card bills, garage loans, etc. By 1-2 days, due to forgetfulness or other reasons, although they were all returned later, these overdue records are likely to lead to loan rejection!
2. Your personal information when you apply for a loan is inconsistent with your actual identity information. When applying for a loan, the information must be true and valid, especially the ID card, mobile phone number and address information, which must be consistent with the applicant and cannot be forged, otherwise the follow-up audit will not pass. In particular, the validity period of old users' information needs attention. If your ID card and other documents that stay in Fuhua Girl expire, it will also have an impact on the loan evaluation.
3. The personal debt ratio is high. Another possibility is that you have a lot of loans on other platforms at present, with high debt ratio, or too many credit inquiries in a short time. In order to avoid making you bear more debts, suspend your lending.
1. How soon can you reapply? Failure to borrow money doesn't mean that your credit is bad. Do not operate frequently at present. After a while, 1-2 months and try again. It will help you to apply again to maintain a good credit record and the performance of products such as credit cards, and at the same time use more products with money and small finance. Many people think that they can use it after applying for a loan, but it is not. Even if there is a loan, it will be reviewed when applying for a loan. If the system thinks that you do not meet the loan conditions during the review of the loan application, then even if you have a loan, you can't lend.
Second, when you apply for a loan, sometimes the loan fails because the system is being upgraded or maintained. You can apply again in half an hour. Some netizens said that if the loan is unsuccessful, they will apply for half an hour, and then try to borrow money successfully several times. Sometimes, if you borrow money too often, or apply for a loan just after paying back the money, you may not be able to borrow money, because the money just paid back may not be restored.
What is the reason for not approving the loan?
1. The applicant has a bad credit record.
At present, lending institutions are basically connected to the credit information system of the People's Bank of China, and users' personal credit reports need to be referred to when reviewing applications. If there are bad credit records in the applicant's credit report, then the loan platform will be skeptical about the user's repayment ability. In order to avoid the risk that the customer may not be able 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 users apply for new loans, if there are still outstanding foreign debts, their current foreign debt ratio will be 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 the risk of lending, the institution will not pass the user's loan application for the time being. It is best for the applicant to consider applying for a new loan after paying off some external liabilities properly.
3. It does not meet the platform application conditions.
The loan platform has specific requirements for the borrower's application qualification. For example, the applicant does not meet the minimum or maximum age requirements of the platform, and the user's income is not up to standard, so it is impossible to apply for the quota. Therefore, before applying for a loan, the applicant should carefully browse the platform's requirements for application qualification to improve the success rate of the loan.
4. The loan information filled in by the applicant is incomplete.
When submitting an application, the user should fill in all required information in the platform application interface. Users should pay attention to whether the submitted information is complete and clear, carefully check whether there are any omissions, and must not resort to deceit. If there is any omission, it should be added in time.
5. The platform loan amount is insufficient.
Some lending platforms will limit the daily lending amount and quota. If the number of applicants or the application quota has reached the upper limit of the platform on that day, the platform will temporarily close the application channel. It is necessary to pay attention to the daily refresh time of the platform and the change of the number of applicants, and be prepared to submit applications in time.
6. Corresponding customers of non-platform loans
Some loan platforms will launch corresponding loan products for specific user groups. If the user does not belong to a specific user group, it is easy to encounter the failure of approval. 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.
Reasons for loan failure
Loan application failed, which may be caused by the following reasons:
The lender's application age does not meet the requirements; The lender's credit information is poor, and there are bad credit records in the credit investigation;
The lender's debt ratio is too high, and the debt ratio exceeds 50%; The lender has no fixed income source and no ability to repay the principal and interest; The loan amount of lending institutions is insufficient.
The above reasons will lead to the failure of the user's loan application. After the loan application fails, users can resubmit the application at regular intervals.
Extended data:
Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date.
Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.
Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Repayment method
(1) Equal principal and interest repayment method: equal repayment every month, the sum of loan principal and interest. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;
(2) average capital repayment method: that is, the borrower distributes the loan amount to each period (month) evenly throughout the repayment period and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;
(3) Paying interest and principal on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and the interest is repaid on a monthly basis;
(4) Repay part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, which is generally an integer multiple of 65,438+0,000 or 65,438+0,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.
(5) prepayment of all loans: that is, the borrower can repay all the loan amount in advance when applying to the bank, and the loan bank will terminate the borrower's loan at this time after repayment and handle the corresponding cancellation procedures.
(6) Pay back as you borrow: interest is calculated on a daily basis after borrowing, and interest is calculated on a daily basis. You can pay the money in one lump sum at any time without any penalty.
How to get the lowest bank loan interest rate
First, choose the bank with the lowest interest rate to apply for a loan.
Although the central bank has introduced the benchmark interest rate, the interest rates of all banks will rise above the benchmark interest rate, and the specific floating situation is different from bank to bank. Therefore, in order to get the lowest bank loan interest rate, we must "shop around" and then choose the bank with the lowest interest rate.
Second, pay attention to personal credit reporting and maintain good credit reporting.
Bank loan interest rates are all calculated by computers based on personal credit information, income, work and other information. In other cases, you can only keep your credit information and try to repay your credit card on time to avoid overdue.
Why can't I apply for any loan?
First of all, answer directly.
No matter which platform the loan is made on, in order to avoid risks, the loan platform will comprehensively evaluate the borrower's credit status to see if it meets the loan requirements.
Second, the specific analysis
We usually start from several aspects, one is the borrower's current credit status, the other is the borrower's current repayment ability, and the third is the borrower's historical loan record.
1. Current credit status
Most loan platforms are products of formal institutions, and the personal credit of borrowers will be one of the evaluation criteria when they are connected to the credit information system under the requirements of supervision.
If the borrower has these circumstances, it will be rejected by the loan platform in nine cases out of ten.
1) At present, there is overdue, that is, the credit business handled by the borrower fails to be performed on time or the repayment is overdue, which is recorded as overdue and reported to the credit information system.
If you apply for a loan, the loan platform will think that the borrower has no sense of performance and the loan risk is high, so it will not pass the borrower's loan application.
2) Current credit investigation, that is, the borrower's credit investigation has been inquired by credit institutions for many times due to loan approval, guarantee qualification examination, credit card approval and other reasons, and the time interval of each inquiry is too short, for example, three times a month, six times in three months, eight times every six months, etc. If there are too many inquiry records, the borrower's credit cost will be higher and the corresponding lending risk will be greater.
3) There are bad debts at present. If the borrower fails to repay the loan on time after handling the credit card or loan, and the overdue time exceeds 180 days, and the loan has not been repaid after repeated collection, the credit institution will record the debt as bad debt, which is equivalent to the overdue upgrade version, and the loan will also be rejected.
4) There is compensation at present. The borrower's previous borrowing platform cooperates with the guarantee company. Once the borrower fails to pay back within the time limit, the guarantee company will become the borrower's new creditor. For borrowers who have not yet repaid, the guarantee company will report to the credit information system, and the borrower's repayment status will show compensation.
2. Current repayment ability
The borrower's repayment ability is affected by two factors, one is the current income, and the other is the current debt.
If the loan fails because of the repayment ability, either the current income has decreased, or the current liabilities have increased, or there is a bad historical repayment record.
There are too many applications, and I am worried that my big data will lead to the failure of car loans and mortgages in the future. You can find it in Winnie Hsin. The system provides the most accurate information for debtors, people who apply for excessive online loans, loan users and platform risk control personnel. You can quickly query all kinds of big data, such as arrears records, loan application times, credit reports, etc. , so that you can better understand your credit status.
What should I do if I can't apply for a loan?
First of all, borrowers should check their credit information and online loan big data reports before lending, repair personal credit, or improve repayment ability.
1, repair personal credit
If it is only expensive to collect credit, first stop handling other credit business, repay the credit business that has been handled on time, and the borrower's credit will return to normal after at least 3 months; If it is overdue at present, and the degree is not serious, the loan will be repaid for 6 months; If there are bad debts and compensation, pay off the debts first and keep the credit information for at least 2 years.
2. Improve repayment ability
For example, if the income decreases, you can jump to work in a unit with high salary; Or do it in your spare time, such as running Didi, delivering takeout and so on. Increase your income; For example, if the debt increases and the funds on hand are abundant, you can settle several outstanding credit businesses and reduce the debt.
Natural repayment ability will be improved.