At present, there are many loan products, and many large domestic groups have their own loan products. For example, Wanda Group's Wanda loan has a maximum amount of 200,000 yuan, low application threshold, fast loan, and recyclable credit line. Some netizens are asking, will Wanda Loan cancel the cycle? It depends on the specific situation. Let's have a look.

Will Wanda Loan cancel the cycle?

To apply for a Wanda loan, you need to be at least 22 years old, have full capacity for civil conduct, have a fixed job, have a stable income, and students at school can't apply, and have a good credit record.

Wanda loan is used normally and repaid on time. The comprehensive qualification of the borrower has not changed in a short time. Wanda loan can be recycled, but it cannot be recycled in the following situations:

1. When the borrower uses the loan of Wanda Loan, Wanda Loan will no longer provide loan services for the borrower when it is overdue.

2. The borrower's credit line in Wanda Loan has been used up, so it is impossible to support borrowing again.

3. When the borrower uses other loans or credit cards, it is overdue and there is a bad credit record on the credit investigation. When Wanda Loan borrowed money, it could not pass the second audit and could not be recovered.

4. The borrower's repayment ability decreases, which may be due to the increase of its debt ratio, or the change of work, and the income is no longer stable, which can not meet the requirements of Wanda loan.

5. The loan amount of Wanda Loan has been tightened, and customers with insufficient comprehensive qualifications can no longer borrow.

Whether Wanda Loan will cancel the cycle depends on the borrower's own qualifications and Wanda Loan's own situation. If you want to recover the loan of Wanda Loan, you must repay it on time, maintain a good credit record and strive to be a quality user.