But sometimes Wanda loans may have routines, and they may not be able to lend out when they go in. This is mainly because Wanda Loan is a revolving loan, so the amount can generally be recovered after repayment, and it can be borrowed again after recovery. However, if the system evaluation is not up to standard, there is no recycling quota, and users have no loanable quota, then it is naturally impossible to borrow again. Therefore, there may be situations where repayment can no longer be borrowed.
However, Wanda loan does not stipulate that it must be paid off in one lump sum before it can be loaned. You can borrow part of it first and then lend it out.
And everyone needs to pay attention. If you want to borrow successfully, the amount can be increased during use, and you must repay on time to avoid overdue.
Extended data:
"Wanda Loan" is a loan APP launched by Wanda Internet Credit Co., Ltd., which mainly provides "mobile loan" services for small and medium-sized enterprises and individual consumers.
Online loan application conditions:
1. The online loan association requires applicants to be at least 18 years old and have full capacity for civil conduct, and many online loans are not allowed for students to apply.
2. Sesame credit: Many online loans require authorization of sesame credit, so online loans require applicants to have good sesame credit, but different loan products have different standard requirements for sesame credit scores. General applicants need to reach about 500% or 600%.
3. Personal credit: Some online loans need to be checked, and some don't, but overall, the applicant's personal credit is good.
4. Other conditions: online loans basically require mobile phone numbers and bank cards. Especially the mobile phone number, the online loan will require the applicant to have a mobile phone number with real-name authentication for 3 months or more.
Of course, different online loan products may have different situations, and the actual situation is subject to the product page display.
If the online loan is overdue, it will have the following adverse consequences:
1. The penalty interest will be charged from the overdue date until the customer pays it off in full. However, the penalty interest rate of many lending platforms will rise above the borrowing rate. If the customer has been in arrears, I am afraid there will be a lot of penalty interest. At that time, more and more customers will have to repay, and the repayment pressure will increase.
2. The loan platform will submit the overdue situation to big data, leaving a bad record in it. However, some platforms or their cooperative lending institutions have the central bank's credit reporting authority, and may also report the overdue situation to the central bank for credit reporting, leaving bad information in the customer's personal credit reporting, thus causing the customer's personal credit to be damaged.
3. I am afraid that the platform system will start risk control on the customer's loan account and freeze the quota, so that the customer can no longer borrow. At the same time, due to credit damage, customers will probably not be able to borrow from other lending institutions, platforms or banks. After all, the other party will also check the customer's credit status when approving. Once problems are found, they will naturally refuse to approve the loan.