There are many reasons why ICBC's personal consumption loan is rejected, but there are four common reasons. Details are as follows:
1, personal credit is insufficient
In ICBC's personal consumption loans, whether it is financing e-loans, personal home consumption loans or personal cultural consumption loans, the requirements for borrowers' credit information are very high. Therefore, if the borrower's personal credit is insufficient, it is normal for the loan to be rejected.
2, the use does not meet the requirements
Many products in ICBC's personal consumption loans need proof of use. If everyone's purpose is unclear, or the use certificate does not meet the requirements, then the loan will also be rejected.
3. Insufficient mortgage guarantee
Although e-loan and other loan products do not need mortgage or guarantee, there are still some ICBC personal consumption loan products that need mortgage or guarantee. If everyone's mortgage guarantee does not meet the requirements of ICBC, or the value is insufficient, then the loan will also be refused.
4. Income problem
To apply for ICBC's personal consumption loan, you must have a stable income, and the income should not be too low. If everyone's income is unstable or low, it is easy to be rejected.
The above are the main reasons why ICBC's personal consumption loan was rejected. You can see if it is the same as your own situation. For a friend whose personal consumption loan is rejected by ICBC, it is impossible to get a loan in the short term, and it will take about 3 months to try again.