In recent years, as consumer attitudes have changed, more and more people have started to choose to purchase their own needs through loans, of which car loans account for a relatively high proportion of consumer loans. However, when applying for a car loan, there was a risk that the bank would reject the application, so could the loan be refused

Can you reapply for a car loan

First, it needs to be made clear that the reasons for the refusal of a bank to apply for a car loan may be diverse, such as the applicant ' s poor credit record, inadequate financial position, excessive liabilities, etc. If rejected for the above reasons, there is a need to plan their own financial situation and improve their financial position so that they can be better audited by banks。

Secondly, if rejected for other reasons, an attempt can be made to reapply from the following angles。

1. Finding guarantors

Those who can provide guarantees can help you to gain bank confidence and increase the pass rate of loans. It needs to be noted, however, that the choice of a guarantor requires the choice of a person who has the same or more creditable reputation and the need to follow the rules of the bank and not overstep its authority。

2. Replacement of loan banks

If a previous application is rejected, an attempt can be made to travel to other banks, as different bank lending standards and policies may also differ and may have unexpectedly good results. At the same time, it is necessary to ensure that all its credit records are good。

3. Waiting for some time to reapply

If the previous credit history is poor or there is an outstanding debt, the bank loan may be repaid before the outstanding loan is repaid and the application for a new car loan may be deferred after a period of time. The length of time is to be determined on the basis of bank and related credit records。