Text message content of refusing loan

Is there any SMS notification that the car loan was rejected?

If the car loan is rejected, there will be a text message from the bank. When granting auto loans, the lender shall require the borrower to provide auto mortgage or other effective guarantee. After review and evaluation by the lender, it is confirmed that the borrower has good credit standing and can repay the loan, so it cannot provide guarantee. Lenders should directly or entrust designated dealers to accept applications for auto loans, improve the separation system of loan review, and strengthen pre-loan review and post-loan follow-up collection. Article 27 The lender shall establish an auto loan classification monitoring system according to the loan amount, regional distribution of loans, the borrower's financial status, car brand, mortgage guarantee and other factors, and regularly check and evaluate the risks of different types of auto loans. The premise is that the reserved mobile phone number has SMS notification function. After entering the loan account, you will be informed of the amount transferred to the account. As long as the loan application materials are submitted to meet the loan requirements. You can pick up the car later by phone and verifying the data.

What information will I receive if the online loan fails?

Bian Xiao can answer this question. It depends on the situation. It mainly depends on what kind of loans you apply for, such as mortgage loans, mortgage loans, car loans and credit loans from banks and financial institutions, as well as small mobile phone loans, mortgage loans and secured loans from loan companies. These will send different messages according to different users and types. Generally speaking, the larger the amount, the more formal the loan company is. If your loan is rejected, it will send you a text message. Loan rejection/failure is usually due to the following reasons:

Whether there is a bad credit record.

Current balance sheet.

Whether there is a stable income.

Others may also investigate marriage, education, recent consumption and so on.

If rejected, ordinary credit loans, mobile phone loans, and WeChat loans will not send text messages or call you to inform you that the loan failed. Bian Xiao suggested that you can check whether you have successfully applied for a loan through the application channel.

Will there be a bank SMS notification when the car loan is rejected?

If the car loan is rejected, there will be a text message from the bank. Consumers should not be too flustered when car loans are rejected. First, they should determine the reasons for the refusal. If it doesn't meet the requirements, then see if there is any way to meet the loan conditions.

Reasons for not approving auto loans:

First of all, there is no stable job.

Self-employed and freelancers without stable units usually find it difficult to borrow money to buy a car. The reason is that the lending institution needs the work certificate issued by the borrower's unit. If the above-mentioned personnel can't provide materials, the lending institution will not be able to verify the borrower's income source and repayment ability, and it is worried that it will face the risk of not getting back the funds after the loan.

Second, the down payment is too low.

According to the regulations of most lending institutions, borrowers must pay at least 30% down payment when applying for auto loans, otherwise it is difficult to get approval.

Third, the debt is too high

Lending institutions have certain requirements for the borrower's income-liability ratio, and loan applications exceeding certain standards will be rejected. Specifically, the total monthly payment of new loans and original loans cannot be higher than 50% of monthly income, otherwise it will be difficult to obtain loans.

Deliver the rejected SMS content by installment payment

The content of the SMS rejected by stages will be reminded by SMS to remind you that your credit is not enough to apply for a loan.