Will you be informed if the loan is not approved? Will there be SMS notification when the loan fails?

Everyone can answer this question. It 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, secured loans and 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:

1. Any bad credit history?

2. Assets and liabilities

3. Is there a stable income?

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

If rejected, small loans, general credit loans, mobile phone loans, and WeChat loans will not send text messages or call you to inform you that the loan has failed. I suggest that you can check whether your loan application is successful through the application channel.

For example, download the loan software, pay attention to the loan on the official WeChat account, go to the loan company in official website, and enter personal information to check whether the loan is successful. Generally speaking, the above-mentioned small loans can be inquired by themselves within the longest working days and the shortest hours.

Some loans will send SMS to inform you of the loan application, such as large loans, mortgage-guaranteed loans, bank loans and car loans, and these institutions will actively inform you of the results.