Many people now prefer to apply for loans online, but sometimes even if you have good letters, they can be rejected. What the hell is going on here? Let's see。

Why did you refuse a good loan

First, many mispercept that good faith meant that there was no bad credit record, which was not so simple. The so-called “mail flower” also affects the outcome of loan applications. “Inquiries” refers to frequent inquiries of letters of credit reports, which, although not recorded as overdue, may indicate that borrowers are under financial stress and banks may doubt their ability to repay and may refuse loans。

Secondly, letters of request are not the only factor determining the passage of loans. Even if you have a good record of your letters, if you have a few questions, this may lead to the failure of the loan application:

1. Multiple lending: If you have a loan record in a number of financial institutions, especially if you borrow simultaneously from more than three institutions, this is referred to as multiple borrowing. The bank will assume that you are at risk of borrowing, and in order to avoid this risk, the loan institution may reject your application。

2. Insufficient credit lines: Under the latest loan regulations, the total credit lines for single-household consumer loans cannot exceed 200,000 yuan. If you have made a number of previous loans and a higher credit line, the remaining credit line may not be sufficient to meet your new loan requirements. In this case, even if your letter of request is good, the loan application will be refused。

To sum up, even if your letter of call is good, a loan application may still be denied if you have problems such as “mailing flowers”, multiple loans or insufficient credit lines. Understanding these reasons can help you to be better prepared to apply for loans and to improve your pass rate。