Why can t you borrow, why can t you borrow?

1.According to Alipay's latest regulations, if the user has multiple overdue and malicious cash-out behaviors in the process of using Huabei or Borrow, after being detected by the Alipay system, the user's Huabei and Borrower will be forcibly suspended. So, if you find that your IOU shows that you can't borrow money, you can check if you're overdue.

2. As a student, according to the latest national regulations, the microcredit platform shall not provide any lending services to students without financial income. So this year, the borrowing channel has been closed for school students. If a user finds that they can no longer request a loaner, it may be because their information shows that they are enrolled in school.

There are two main situations in which you can't borrow:

The first is that there is no loan limit on the loan page, and it is impossible to submit a loan application without a loan limit;

The second is that there is a loan amount, and the application is not approved after submission, and the user does not pass the review, which is usually caused by not meeting the loan conditions.

Therefore, you can't borrow money, and you must wait for the borrowing limit on the page to resubmit the loan application.

On January 9, 2018, according to Shanghai TV station, Alipay's small loan product "Ant Borrow" may have voluntarily closed some user accounts to control the loan balance due to excessive leverage and violation of relevant regulatory regulations of the central bank.

In April 2018, when Liang Yiming's credit card limit was reduced by 80,000, he borrowed 60,000 yuan from several large platforms such as Borrow, WeLoan, Paipai Loan, and Ping An Puhui. But after giving his wife and children living expenses and a mortgage, the money left over each month is not enough to repay these loans.

On November 7, 2021, according to feedback from netizens, Alipay borrowing has been updated for it"Line of Credit"After the update, borrowing, auditing, and repayment will remain unchanged. The official said that the credit loan is a consumer credit service provided by a financial institution that cooperates with Ant to provide users independently, and the consumer credit service provider will be displayed, and the user's quota and interest rate are the result of the financial institution's independent approval, and the loan funds applied for by the user are also issued by the financial institution.

In November 2021, it was reported that Borbei responded that Borbei is gradually promoting brand isolation, and a number of licensed financial institutions, including Ant Consumer Finance Company, will jointly provide users with small consumer credit services.

In the future, borrowing will be provided by Ant Consumer Finance and will become the exclusive brand of Ant Consumer Finance. Credit services provided independently by banks and other financial institutions will be displayed on the "Credit" page. In the process of brand isolation, the service experience of users will not be affected, and the core processes such as activation, account review, interest calculation, and loan and repayment will not change.

If the user finds that he or she is unable to borrow, it may be caused by the following reasons:

1.Violations.

According to Alipay's latest regulations, if a user has multiple overdue and malicious cash-out behaviors in the process of using Huabei or borrowing, after being detected by the Alipay system, the user's Huabei and borrowing will be forcibly closed. Therefore, if the user finds that he cannot borrow on his borrowing, he can check whether he is overdue.

2.The status is a current student.

According to the latest regulations of the state, microfinance platforms are not allowed to provide any lending services to students who have no financial income. Therefore, borrowing has been closed to students in school this year. If a user finds that he or she can no longer apply for a borrowing product, it may be because his information is displayed as a student at school.

3.Make frequent early repayments.

Although the borrower officially supports users to repay in advance, because Ant Borrowing is a product calculated according to the daily interest rate, if the user chooses to repay in advance, it may cause the borrower system to fail to earn income. At this time, the system may also suspect that the user is suspected of cashing out, and in order to avoid the risk of borrowing, the user's borrowing credit line may be withdrawn, resulting in the user being unable to borrow again.

Extended Information] Borrowing "Current Name Credit Loan" is a loan service launched by Alipay, and according to the different sesame scores, users can apply for different loan amounts. The maximum repayment period of the loan is 12 months, and the daily interest rate of the loan is to borrow and repay at any time.

On January 9, 2018, due to excessive leverage and violation of relevant regulatory regulations of the central bank, some user accounts were voluntarily closed to control the loan balance.

On November 8, 2021, it was reported that the name of Alipay's "borrowing" has been changed to "credit loan". In response, Alipay's customer service said that in order to make it easier for you to have a clearer understanding of the actual consumer credit service provider, the consumer credit service provided by the financial institutions that cooperate with Ant has been updated to "credit loan", and the name of the financial institution is displayed on the credit loan page. After this adjustment, the original borrowing, auditing, repayment and other services will not be affected.

There are three reasons why you can't borrow.

1.Overdue and other credit issues.

The main reason why the borrower is closed is that the user is overdue. The borrowing is based on the user's sesame credit score to evaluate the credit status, once overdue, the sesame credit score will drop. Alipay will re-evaluate the loan situation from time to time, and in case of emergency, close the user's borrowing, and the user will not be able to continue to obtain the loan.

2.Frequent early repayments.

This kind of operation may be mistaken for a good habit and behavior of users, but the Alipay system will think that you don't need a loan, and give a limited amount to users who need it more. In addition, lending institutions rely on loan interest to obtain profits, so frequent early repayment, the institution's loan interest income will inevitably decline, of course, early repayment is not welcome.

3.Huabei cashed out in violation of regulations.

Some users take advantage of Alipay's loophole to cash out from Huabei by negotiating payments with merchants. Frequent such operations will inevitably be detected by the Alipay system, and once the accumulation reaches a certain level, Alipay will close the loan.

In addition, if you frequently change your Alipay mobile phone number and bank card, the system will determine that the account is not very secure, further reducing your credit rating. In addition, if you open it through ant borrowing, but do not use it for a long time, the borrowing will also be closed.

Approaching the Spring Festival, everyone's consumption demand has increased, and if the money in hand is not enough, many people will choose to borrow. The borrowing in Alipay is the borrowing product that many people choose, and users can withdraw the borrowing amount to a bank card or Alipay account, and then use it for personal consumption.

Ant borrowing is calculated on a daily basis and can be repaid in advance, so many users often choose to repay in advance when they have money on hand.

How to repay the loan early?

As long as you click [Repayment-Early Repayment] on the borrowing page before the repayment date, you can see the amount to be repaid, click the small circle on the right side of the page to select any or more payments you want to repay in advance, and then click [Repay]. It should be noted that if you click on multiple early repayments, the repayment amount cannot be modified, and you need to settle all of them at once.

The reason for the sudden closure.

Some users said that after repaying the loan in advance, their borrowing was suddenly unusable. In fact, according to the official introduction of Ant Borrowing, early repayment will not lead to the closure of the borrowing, because the opening and raising of the borrowing amount are comprehensively evaluated by the system according to all the user's Alipay usage behaviors.

The sudden closure of the borrowing is usually caused by the following reasons:

1. There is an overdue record. Not only Alipay products are overdue, but credit cards or other platform loans are overdue, which may lead to the closure of the loan. Therefore, in this case, you can see if you have other credit products that are overdue.

2. Rarely use borrowing. The main income of borrowing** is the user's interest, and if the borrowing is opened and not used, it means that the user has no borrowing needs or is not short of money. Of course, borrowing is to give the limited amount to those who need it more.

3. The current debt is too high. In addition to borrowing money, the user's bound Alipay credit card has too much debt, and the amount of debt owed by other platforms is high, and the borrower will think that the user's debt ratio is too high.

How do I re-open a loan?

How long does it take to recover after the borrowing is closed, it also needs to be subject to the evaluation results of the borrowing system, and the current evaluation time of the borrowing system is irregular, so there is no specific time for how long the borrowing function can be restored.

If you want to restore the borrowing function as soon as possible, you can use Alipay to consume, whether it is to pay water, electricity, gas bills, or shopping in shopping malls, online shopping, etc., you can use Alipay to pay.

1: It may be caused by the abnormal login of the user's Alipay account or login in an unfamiliar network environment, and the system deactivates your debit in order to ensure the safety of the user's capital account.

2: The user violates the rules of use of the borrowing when using the borrowing bei, resulting in the borrowing being stopped;

3: The user has overdue repayment after using the borrowing, and the system is at risk and considering deactivating the borrowing.

It is possible in all these cases.

4: You can't borrow without a quota.

This may have been used before, but suddenly it shows that there is no credit and it cannot be used. Mainly because borrowing is evaluated by the system from time to time, if you use it improperly or your personal qualifications have changed, you will be recouped and unable to borrow.

Use Alipay more by yourself, maintain good credit, and maybe it will be opened for you again soon.

5: You can't borrow if you have a quota.

1. You need to verify whether you are operating the loan in an unfamiliar network environment, considering the security of your account, if you detect a bad network environment, you will be temporarily unable to operate the loan. In this case, it is a network problem, and you can borrow money when the environment improves.

2. If you have recently changed the bound mobile phone or the device you use, you will not be able to borrow money temporarily, and you need to wait for 2-3 days before trying.

3. If you can't click the confirm loan button on the loan page, it is recommended that you see if there is an unchecked or unfilled option. If you have, you can't borrow money.

Further information: There are two ways to repay the loan: regular repayment and early repayment.

1: Repay on time: recharge enough amount to Alipay before 12 o'clock on the repayment date (Alipay balance and Yuebao are supported), and the system will automatically deduct it on the same day;

2: Early repayment: You can enter Alipay on your mobile phone - [Ant Borrow] - click on the home page [Go to Repay], select [Early Repayment] in the loan record, and follow the prompts on the page.

Users can make monthly payments on the monthly payment date according to the repayment plan on your page.

Operating Environment: Mobile phone model: Huawei Mate40 mobile phone version Alipay.