The topic of loans is becoming more and more common, and it is not uncommon for people to borrow money for a variety of reasons, after all, in modern societies where needs vary. In particular, Internet lending, because of its convenience and efficiency, has allowed many to choose this easy and fast path. However, some are concerned that once four or five Internet loans are made, it will not be possible to apply again

Can you borrow from four or five of them

Specifically, if you already have four or five web-based loans, but your repayment record is normal, then the loans usually succeed. In addition, the success of the loan will depend on several important factors:

First, the correspondence search records are carefully studied by the lending institution. If you apply for five or six Internet loans within a month, the result letter records show that your frequent enquiries for loan approvals may affect your loan applications over the next three months, as too many hard search records may make the lending institution feel that your financial situation is poor and that the delay is high。

Secondly, your ability to repay must also be taken into account. If your income is average, or unstable, you already have five or six web-based loans, and you can apply for a loan. However, if you have some financial means, such as a real estate or a car, you can provide these certificates to the lending institution and prove that you have sufficient repayment capacity. Usually, you have a greater chance of success in applying for another loan。

Furthermore, the debt ratio is another factor to be considered. The amount of money borrowed and your income will affect the debt ratio. For example, if you earn a few thousand a month, you have a large number of Internet loans, but the amount of each loan is small, for example, one or two thousand, and your debt ratio is not high and refinancing should not be a problem. But if each network is large, tens of thousands, and your monthly income is two or three thousand, it is clear that the debt ratio is too high and it is difficult to apply for a successful new loan。

So, what if the loan application is approved, but I don't want the loan anymore? In fact, loan applications can be cancelled. If you apply for a loan under the normal procedure, the loan is not issued directly after the approval of the loan, and the loan will not be paid until it has been duly signed, and the loan process will naturally be terminated. If the loan is in the process of being approved, you can apply directly to the loan institution for termination of the loan approval process. But if the loan has already been disbursed, then all you have to do is prepare to pay in advance and take care of some of the defaults and charges that may result from early repayment。