Why are loans always rejected

Why are all the loans I applied for rejected

Based on your description, it is temporarily impossible to determine the reason why your application for a loan has been rejected, so we recommend that you call BOC's customer service hotline at 95566 to inquire.

The above is for your reference, please refer to the actual business regulations.

Why my online loans always fail

There are several reasons why all online loans fail:

1, the conditions do not match: Although the online loan application conditions are simple and the threshold is low, but it is not completely 0 threshold, 0 requirements, they will be on the age of the applicant, Sesame Score, income, credit standing Requirements, if the borrower can not meet the application criteria, naturally the application will not pass.

2, incomplete information: application for online loans is also required to register a personal account, fill out personal information, in the input of their own information, the more complete, the more real, the application rate, the loan amount will be higher. On the contrary, if you omit some key information or deliberately exaggerate the facts, once the system detects it, it will consider that the applicant is suspected of fraudulent lending, and thus reject the application.

3, poor credit: many online loans are unsecured and unguaranteed credit loan products, good personal credit is a prerequisite for applying for a loan, online lending data is too flowery or poor personal credit record, the number of days or times of overdue applicants are easy to be excluded.

4, too much debt: asset-liability ratio is also an important factor in the success or failure of the loan application, lending institutions in the approval of the loan on the applicant's overall (or online loan) debt ratio will have a certain degree of tolerance, more than the tolerance range will be the lender reasonably questioned the applicant's ability to repay the repayment of the repayment of the willingness to repay. In order to avoid risk and prevent the loan funds from being uncollectible, it may make the application for an online loan impossible to pass.

Why loans are always rejected

If a customer goes to apply for a loan and is always rejected, it is most likely due to the following reasons:

1, the customer's credit is not good

Because both the bank, or the lending institution, or the platform, in the process of loan approval, they all go to the review of customer credit report or big data to understand the latest credit situation of the customer.

So once the bank (lender, platform) finds out that the customer's credit report or big data has a recent bad record, most likely it will refuse to approve the loan because it is worried about the high risk of lending late.

2, the existence of multiple borrowing

If the customer frequently apply for loans, easy to lead to personal credit report or big data to become "flower", too many borrowing records, and even the case of multiple borrowing.

If there are still a lot of credit products in your name that you haven't paid off yet, you will also appear to have a high personal debt ratio.

In this way, banks (lending institutions and platforms) are likely to be concerned about the customer's unstable financial life and lack of repayment ability when approving loans, and will easily reject the customer's loan application.

Loans (e-debit credit loans) are simply understood in layman's terms as borrowing money that requires interest.

Loans are a form of credit activity in which a bank or other financial institution lends monetary funds at a certain interest rate and on conditions such as having to return them. Loans in a broad sense refers to loans, discounting, overdrafts and other lending funds in general.

Banks through the loan will be concentrated in the form of money and money funds put out, can meet the expansion of social reproduction on the need for additional funds, promote economic development, at the same time, the bank can also be obtained from the loan interest income, increase the bank's own accumulation.

The "three principles" refers to security, liquidity and efficiency, which is the fundamental principle of commercial bank loan operation. Article 4 of the Commercial Banks Act states: "Commercial banks shall operate on the principles of safety, liquidity and efficiency, and shall carry out independent operation, bear their own risks, be responsible for their own profits and losses, and exercise self-restraint."

1, loan security is the primary problem faced by commercial banks;

2, liquidity refers to the ability to be able to recover the loan by a predetermined period of time, or the ability to quickly liquidate the loan without loss, to meet the customer's need to withdraw their deposits at any time;

3, efficiency is the basis of the bank's continued operation.

For example, the issuance of long-term loans, the interest rate is higher than the short-term loans, efficiency is good, but the loan period is long will increase the risk of reduced security, liquidity is also weaker. Therefore, the "three sexes" should be in harmony with each other, so that the loan can not be a problem.

Repayment methods:

1, equal principal and interest repayment: that is, the loan principal and interest and the use of equal monthly repayment of a way. Housing fund loans and most banks commercial personal housing loans are used in this way. This way of repayment of the same amount per month;

2, equal principal repayment: that is, the borrower will be loaned an average of the entire repayment period each period (month) to return, while paying off the last trading day to the repayment of the loan interest between a repayment method. This way the monthly repayment amount is reduced month by month;

3, monthly interest due to repayment: that is, the borrower in the loan maturity date of a one-time return of the loan principal [period of less than one year (including one year) loan applies], the loan on a daily basis, the interest is returned on a monthly basis;

4, early repayment of part of the loan: that is, the borrower applied to the bank, you can early repayment of some of the amount of the loan, general The amount of 10,000 or 10,000 integer multiples, after repayment at this time the loan bank will issue a new repayment plan, which the repayment amount and repayment period is changed, but the repayment method is unchanged, and the new repayment period shall not exceed the original loan period.

5, early repayment of all loans: that is, the borrower to the bank to apply, you can early repayment of the full amount of the loan, repayment at this time the loan bank will terminate the borrower's loan, and for the corresponding discharging procedures.

6, with borrowing: borrowing interest is calculated on a daily basis, with one day counting one day interest. At any time can be a one-time settlement of the money without default.

Why is the loan application always rejected? These are a few reasons that should not be ignored!

While there are many loan products on the market now, borrowers can loan channels very much, but inevitably encounter the situation of the application is rejected, the most annoying is with others at the same time to apply for a product, other people over their own refused, obviously personal qualifications are almost the same, this is why? For you to organize a few common reasons for the application for loan rejection, I hope to help you.

1, incomplete application information, error

Generally go to the bank to apply for a loan will not have such a problem, the bank will do a rigorous review of the application information, check, if there is an error can be changed on the spot. However, cell phone loans do not have such a function, in addition to receiving a verification code to check the phone, bank card, other basic information all rely on their own to fill out, as long as there are errors, omissions, these will easily lead to loan failure.

2, credit white

In fact, credit white does not have much to do with the white household, the white household refers to the credit no stain, but also from the credit card, loans and other financial services, pure white paper, then for the lending institutions, can be referred to the information is not much, some prudent lending institutions are very likely to reject you in order to avoid the risk.

3, the right lending institutions and products

Everyone in the application for loans before, be sure to learn more about the product and the organization's audit success rate and the speed of the next payment, the user evaluation is often the most real and reliable, different lending institutions have a different audit process, the interest rate of different loan products and the application threshold is different, there is no specialized credit manager for you to guide you can only be their own more The time spent doing homework in advance can effectively save time, because some lending institutions failed to apply for loans, must be over 1 month to 3 months ranging from time to re-apply.

Summary, the loan was rejected is not terrible, for their own accumulation of experience is also good, the most important thing is usually pay more attention to the knowledge of the financial aspects of the application of the loan more understanding of the company's background, product information, will help to improve the success rate.

What are the reasons for loan rejection?

The first reason: poor credit history

Credit history is the "economic ID" of modern people. In the future of China, the scope of influence of personal credit record is far beyond the loan, employment, job search, study abroad almost all related to it. If you have a poor credit history, you're naturally going to have to take out a loan.

The second reason: credit gap

No credit card or loan application, no bad credit record, normal salary flow, no debt in your name, why apply for a loan and still be rejected?

Because credit history is an important document for judging whether a person's credit is good or bad, and with a blank credit, lenders often have to think twice.

The third reason: no paycheck

Working people are favored by lenders because their paychecks are a strong and effortless basis for approval. But for the self-employed or freelancers, the paychecks make it very difficult for them, no matter how much they actually earn.

Fourth reason: high debt ratio

Personal debt is probably second only to credit history in terms of importance, as lenders also need to hedge their own risk of bad debts, so if you have too much debt, you're likely to be rejected for a loan.

The fifth reason: non-specific groups

Each lender plans specific products for specific groups of people, such as special loans for civil servants, loans for doctors, or loans for teachers, for comprehensive reasons. If you don't meet the occupational requirements, you naturally won't be able to claim them.

The sixth reason: risky industry

The industry is screened for lending due to wind control, which is a secret "unspoken rule" of the financial institutions, the main consideration is still the risky nature of the industry leading to the uncertainty of repayment.

Seventh reason: short time in business

Some loan products in the amount and interest rates have preferential, but on the other hand, not only on the salary flow requirements, and on this basis to provide a certain number of years of work or years of business.

The eighth reason: age

Some lenders are looking for stability and refuse to lend because the age of the applicant is too young or too old, which creates loan repayment risks.

This is the end of the introduction on why loans are always rejected and why I am always rejected for loans, I don't know if you find the information you need from it?