What are the reasons for the failure of loan review?

With the continuous development of internet finance, applying for online loans has become the first choice for many people when they are short of money. One of the old online lending platforms, patting and lending, has been very hot in recent years. Although the loan payment rate is good, many friends have failed to apply. Today, Bian Xiao will talk to you about the reasons why the approval of the auction loan failed, and whether there are banks involved in the loan.

First, what is the reason for the failure of the auction loan review?

At present, most online lending platforms, such as auction loan, judge the borrower's repayment ability through the user's personal credit record when auditing the user's qualification. If the borrower has bad records such as overdue and arrears, it is easy to apply for online loan failure. Therefore, everyone should keep a good credit record before applying for a loan, otherwise it will be difficult to pass the loan review. Secondly, when applying for a loan, the borrower needs to fill in his income. If your current salary can't support the repayment, then users will think that they are unable to repay, and then refuse the loan. Finally, if the user already has other loans or credit card arrears, it may be considered that the repayment ability is weak and the audit is difficult to pass. In the loan review of the auction loan, the user's other loans will be viewed. If the user is already in debt, then the loan will consider the risk and will not pass the audit.

Second, is there any bank participation in the loan?

The answer is yes. According to Bian Xiao, it is different from other online loans. It is more like an intermediary platform, which mainly provides a loan entrance for both borrowers and borrowers, mainly from banks or formal licensed financial institutions. After the user submits the information, the system will match it randomly according to the user's situation. It is not known which institution lends money. If you want to check your lender, you can check it yourself on the loan page. However, Bian Xiao would also like to remind everyone here that since banks are involved in lending, they will definitely receive credit information at the meeting after the deadline. Everyone must develop a good habit of repaying loans to avoid the influence of overdue credit.

To sum up, the failure of loan review is mainly caused by factors such as poor credit record, insufficient salary to pay loans and other loans. The lender who pats the loan is random, and banks will also participate in the loan. Therefore, everyone should pay more attention to their credit records and repayment ability in the process of using the loan, and borrow reasonably according to their actual situation.