The loan service of the Microbank has been of interest since its launch. A large number of users have indicated that they have experienced non-admissibility following the submission of applications. Let's talk today. Why are applications rejected sometimes

There are a few reasons why the microbank failed to pass

Bad letter record

First of all, the most critical is the record of the letters. Most of the microbank's loan products are mortgage-free, which means that banks rely more on borrowers' credit positions to assess risk. If you have a bad record of overdues, arrears, etc., in your letters, the bank will assume that your ability and willingness to repay is in doubt and will certainly not approve the loan easily。

Incomplete or incorrect information

Secondly, the integrity and authenticity of information are also essential. When applying for a loan, you need to complete all the necessary information and provide the true supporting documentation as required by the system. Some friends are reluctant to disclose certain information in order to protect their privacy or are unable to provide complete information because of their own circumstances, which can lead to failure of audit. Remember that banks need sufficient information to judge whether you have met the terms of the loan, so it is important that it be filled in。

It's not part of the letter

In addition, it is common for applicants not to be covered by letters from microbanks. For example, microprime loans require applicants to be 18 years of age or older, while micro-credit is targeted mainly at micro-enterprises in Guangdong, Jiangsu and Hunan provinces. If you do not meet these specific conditions, even if they are otherwise qualified, they will be excluded。

Other factors

In addition to the above three points, there are a number of other factors that may affect the outcome of the audit, such as inadequate repayment capacity or other special requirements that fall short of the target. If it is true that the specific reasons are not clear, it is suggested that consultations be conducted in contact with the mini-bank's guest uniforms。

If your letter of request is good and other conditions are met, you can try to apply again after three months. It is hoped that this will help to better understand the auditing standards of microbanks。