The Bank of China Consumer Finance Co-branded Card is a credit card for consumption. It can only be used for consumption and cannot be used to withdraw money.

1. What are the application conditions for Bank of China Consumer Finance Credit Loan?

Credit application conditions: 1. The age should meet the needs of mainland citizens aged 18 to 65. It is recommended to work for a few years before applying, as the success rate will be higher. Additionally, college students cannot apply. 2. It is more difficult for self-employed, self-employed and unemployed users to apply because credit loans require stable employment and income in the place of application. The higher the income, the higher the pass rate and quota. 3. Since Bank of China's consumer finance is approved by the China Banking Regulatory Commission, credit reports must be carried out in accordance with regulations, and credit reports will also be carried out at the same time. Credit loans require applicants to have no bad credit records, and it is difficult for overdue creditors to apply for approval. 4. A credit loan also requires an application amount. Customers applying for a quota of 100,000 or more must own local real estate in their own name, the name of their spouse or minor children.

2. What is BOC Consumer Finance?

BOC Consumer Finance is the first consumer finance company in Shanghai approved by the China Banking Regulatory Commission and one of the first consumer finance companies in China. It is a subsidiary of the Bank of China established in June 2010. There are many types of products such as credit loans, merchant exclusive loans, and Internet loans. Meet the needs of different customers. Consumer finance companies, unlike their patient lenders, do not take deposits from the public and provide loans for consumer purposes on a small, decentralized basis.

3. What are the reasons for rejection of loan application?

1. Market supervision. Since the China Banking Regulatory Commission's cash loan market consolidation in 2018, most online loans have reduced their loan amounts. It is difficult to apply for a loan now. Only friends with good personal qualifications and credit have a chance to apply successfully. 2. Revolving quota. Since Bank of China Consumer Finance also has its own patient products, you can use other low-threshold products before applying for a credit loan. Otherwise, it has no reference value and will be easily rejected.

To sum up, the Bank of China Consumer Finance co-branded card can only be used for consumption. However, we need to remind everyone that if there has been an overdue loan recently, the loan may be rejected. In addition, if you apply for an online loan or credit card, If there are too many, it will lead to too many inquiry records, and may also lead to the rejection of credit loans. It is recommended not to apply for loans frequently in the past six months, so there must be no problems with your credit report.