Network microfinance has become the first choice for many friends when they are in urgent need of capital turnover. Compared with traditional banks, the lending process is cumbersome, time-consuming and requires a lot of information. Small loans are generally applied through online platforms, and the approval speed is faster. In addition, due to the small amount, the requirements for repayment ability evaluation and audit are relatively loose, which makes it easier to meet the requirements of ordinary users. Recently, however, some netizens came to Bian Xiao for consultation and wanted to know why the application for micro-loan was always rejected. Don't step on these minefields!

Reasons for rejection of microfinance application:

1, personal qualifications do not match: although online loan products are characterized by "low threshold and fast payment", there are still certain application requirements. After all, lending institutions will not lend you money for no reason. Generally speaking, the basic conditions for applying for online loans are: age 18 years old or above, mobile phone number real-name registration system for six months, and sesame score of 600 or above. If you don't meet the hard conditions, you will naturally be rejected.

2. Incomplete information: In the process of online loan application, you need to fill in the personal basic information authentication and loan purpose. The more complete and true the information, the higher the loan pass rate and quota will be. On the other hand, if there is missing or untrue information, it will be considered by the lending institution as suspected of false loan fraud, thus rejecting everyone's online loan application.

3. Bad personal credit: In the field of Internet financial loans, good personal credit can help us apply for loans better and faster. On the contrary, if the borrower often fails to repay the loan within the time limit, or the frequency of applying for the loan recently is too frequent, it will leave a credit stain on personal credit information and online big data, making it very difficult to apply for the loan in the future. Even if you just fill in the information, you will get a second refusal.

To sum up, microfinance is favored by the masses because of its convenience and flexibility. However, there are still some cases of rejection when applying. Poor credit record, unstable income, policy restrictions and high debt level are all reasons for the rejection of the application. When choosing a small loan, please ensure that it meets the relevant requirements and treat your personal financial situation and repayment ability rationally.