The application conditions for Douyin monthly payment are that it belongs to the user range, the user's age reaches the standard, has the qualifications to use, the Douyin account is normal, has high activity, the credit report is not overdue, the debt is small, the number of inquiries reaches the standard, the information is true and valid, and the income level is stable
Douyin Monthly Payment is somewhat similar to Huabei on the Alipay platform and JD Baitiao on JD Finance. They are essentially consumer credit products with similar functions, but the specific product features are slightly different.
The application conditions for Douyin monthly payment are that it belongs to the user range, the user's age reaches the standard, has the qualifications to use, the Douyin account is normal, has high activity, the credit report is not overdue, the debt is small, the number of inquiries reaches the standard, the information is true and valid, and the income level is stable , specifically as follows:
1. Belongs to the user scope
Douyin monthly payment is only open to users in mainland China, and before applying, users need to authenticate their Douyin account with their real name.
2. The user’s age reaches the standard
Users of Douyin Monthly Payment must be over 18 years old.
3. Qualified to use
Douyin Monthly Payment is currently only available to invited users. Users can enter the Douyin wallet interface to check whether there is an application entrance for Douyin Monthly Payment. If there is, they are qualified to use it. If not, they cannot activate it.
4. The Douyin account is normal
Before applying for Douyin monthly payment, users need to keep their Douyin account in a normal and tradable state, and the Douyin account needs to be registered with their real-name mobile phone number and bound to their bank savings card.
5. High activity
To activate the Douyin monthly payment, the user's Douyin account needs to reach a certain level of activity, that is, the user must frequently use Douyin for shopping, consumption, payment, collection and other activities, or have used Douyin's other loan products such as Fangxin Lending.
6. The credit report is not overdue
It is required that the user's credit report must not be overdue three times in a row or six times in total within two years. Once such a serious overdue situation occurs, you will not be able to apply for Douyin monthly payment.
7. Less debt
When applying for Douyin monthly payment, the personal asset-liability ratio reflected on the user's credit report must be maintained below 50%. If it exceeds this limit, it means that the debt level is high, which will affect the determination of the ability to repay the loan, which will affect the approval. .
8. The number of inquiries reaches the standard
In the query number column of the user's credit report, it is required that the total number of loan approvals and credit card approvals in the past month cannot exceed 5 times; the total number of loan approvals and credit card approvals in the past 3 months cannot exceed 10 times. , if the requirements are not met, it will be deemed that the user is in urgent need of funds, which will affect the approval of Douyin’s monthly payment.
9. The information is true and valid
When applying for Douyin monthly payment, the information submitted during the application process is required to be true and correct and within the validity period. For example: the ID card needs to be within the validity period, the mobile phone number and the bank debit card must be used in my real name.
10. Stable income level
To apply for Douyin monthly payment, users need to have a stable source of income or a certain level of assets to ensure that they can repay the principal and interest on time after the loan is issued to avoid overdue due to inability to repay.