You want to know what makes you successful in borrowing when you're 18? Legal micro-credit platforms do specify the age of the user - reaching the age of 18 is the criterion. However, keeping the age rule alone does not guarantee the success of the borrowing, but a number of other conditions must be met. The specific requirements for borrowing are described below。

What are the conditions for a loan at the age of 18

First, maintain a good credit record. Credit history is the underlying factor for borrowing. Many of the borrowing products are accurately aligned with the credit system. If you have a poor credit position, even if you are of the required age, a loan application is refused。

secondly, you need a steady income. the higher and stable the income, the greater the repayment capacity. the loan institution, naturally, hopes that the user will be able to repay the money at the agreed time and amount. if you are a young man without a stable job and an adequate source of income, the loan platform may be worried about your future ability to repay, which means that they may not approve your loan application。

Again, you need civil capacity. It is only at the age of 18 and civil capacity that one of the conditions for borrowing can be counted. As for the success of the borrowing, other conditions need to be met。

In addition, a reasonable liability is required. The loan platform fears that users will have too many debts, so even if the age is met, they will not approve your loan application if you are over-represented. Therefore, if you want to borrow successfully, you need to maintain a reasonable debt ratio。

Finally, you need a reasonable need for a loan. Most loan products have a fixed range of use, and you cannot use borrowing for financial or other investments. Without a reasonable loan demand and on the basis of compliance, the system will not approve your loan line。

In terms of the timing of the approval of a loan, a general bank loan may need to look at the efficiency of the bank ' s operations and the type of loan, as the process is either simple or cumbersome and the time varies. In the case of credit-consumption loans, approval may be completed within five to seven working days; in the case of mortgages, it may take one or two weeks。