In the process of applying for a loan, there are times when it is rejected outright by the bank. However, an agent can be successful in helping you get a loan. There could be two reasons behind this:
First, the intermediary may help you optimize or "package" the loan materials. They understand the bank's criteria and preferences when reviewing loan applications and make your application more competitive by providing materials that are more in line with the bank's requirements. This packaging may include improving proof of income, improving one's credit history, or providing stronger proof of assets. In these ways, the agent can improve your chances of getting a loan by filling up any flaws that may have existed in your original application.
Second, intermediaries may have an interest in the bank's lending leadership. In this case, the agent may use the relationship to facilitate your loan application. While this relationship doesn't necessarily mean an improper transaction, it does provide you with additional support and convenience. Through this relationship, the intermediary may have some degree of prioritization of your application or more attention and care during the review process.
It is important to note that despite the help of an intermediary, you still need to take the terms and conditions of the loan seriously to ensure that it fits your financial needs and plans. At the same time, it is also important to establish good communication with the agent to ensure that they have a full understanding of your situation in order to provide you with a more accurate and effective service.