With the upgrading of financial technology, a growing number of consumers have adopted an online approach to lending, which is not only easy and fast, but has also eased financial pressure on many. However, there is a problem for some that, although the loan line has been approved, there is a delay in obtaining a loan. Why is that

There's a limit but there's a delay

I. Much of the review process

Loan institutions often have a rigorous vetting process, particularly for higher-value loans, which often requires multiple reviews. After the applicant has submitted an application, it usually takes some time to obtain a response. If the application is incomplete or does not meet the requirements of the lending institution, back-to-work, re-approval, etc., will take time. As a result, there is a level but there is a delay in the release of funds, probably due to the complexity of the processing process by the lending institution and the time required to process it。

Mismatching of funds

Loan institutions provide loans on the premise that there is a sufficient reserve of funds to complete the level of approval and that a matching of funds is required, as opposed to a true transfer to the borrower ' s account. There may be circumstances that lead to misalignment of funds, and lending institutions need to reallocate funds in order to lend. In addition, the lending institutions are concerned about the misdirection and misdirection of funds during matching, which has led to a number of delays in the release of loans due to misalignment。

III. SECURITY MEASURES INSTRUMENT

The security measures for some high-value loans are more stringent and require consumer security in goods, guarantors or other assets, and in such cases, once the consumer has submitted an application for a loan to the bank, the bank needs to re-examine the security measures to ensure that the applicant ' s assets are fully offset against the risk of an unexpected financial event. The length of the security clearance process or problems may affect the timing of loans。

Other factors

Delays in the release of loans may sometimes also be the cause of consumers themselves, such as incorrect information when applying for loans, poor contact details and poor credit ratings. In addition, some lending institutions impose more stringent restrictions on the type of loans and on the regions, and if the applicant does not meet the conditions, it may also result in the availability of amounts but delays in the release of funds。