What should you do if you cancel the loan and reapply?

Check the reasons for rejection, re-evaluate the loan demand and seek other borrowing channels.

1. Check the rejection reason: After your loan application is rejected, you can log in to official website or APP to check the rejection reason. If the rejection is due to insufficient personal credit score and unstable income, you can consider improving personal credit score, increasing income sources and improving the success rate of application.

2. Re-evaluate the loan demand: If your loan is cancelled and your re-application is rejected, you can re-evaluate your loan demand to see if you can reduce the loan amount and extend the loan period to improve your application success rate.

3. Seek other borrowing channels: If your loan is cancelled and your application is rejected again, you can consider seeking other borrowing channels, such as bank loans and P2P lending, but you need to pay attention to choosing a formal and legal borrowing platform to avoid being deceived.