XML 36 R13.htm IDEA: XBRL DOCUMENT
v3.22.2

LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER THE GUARANTEES | 12 Months Ended
--- | ---
Mar. 31, 2022
LOAN RECOGNIZED AS A RESULT OF PAYMENT UNDER THE GUARANTEE |
LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER THE GUARANTEES | 4. LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER GUARANTEES The Group used to provide loan facilitation related guarantee service. The third-party financing partners offer financing solutions to the Borrowers and the Group is required to provide a guarantee. In the event of a payment default from the Borrower, the Group is required to repay the monthly installment or full amount of outstanding loan to the financing partner as the guarantor. As such, the Group recognized loan receivables as a result of payment under the guarantee deducted by an allowance to its expected recoverable amounts in the consolidated balance sheets.
|  | March 31, 2021 |  |  | March 31, 2022 |
|  | RMB |  |  | RMB |
Loans recognized as a result of payments under guarantees |  |  | 1,362,556 |  |  |  | 379,259 |
Less: provision for credit losses |  |  | (1,182,609 | ) |  |  | (324,371 | )
|  |  | 179,947 |  |  |  | 54,888 |
An aging analysis of loans recognized as result of payments under guarantees was as follows:
|  | March 31, 2021 |  |  | March 31, 2022 |
|  | RMB |  |  | RMB |
Up to 6 months |  |  | 145,639 |  |  |  | 70,188 |
6 months to 12 months |  |  | 307,224 |  |  |  | 7,555 |
Over 12 months |  |  | 909,693 |  |  |  | 301,516 |
|  |  | 1,362,556 |  |  |  | 379,259 |
The Group relies on the consumers’ credit history, loan-to-value ratio and other certain application information to evaluate and rank their risk on an ongoing basis. The credit grades represent the relative likelihood of repayment. Customers assigned a grade of “Normal” are determined to have the highest probability of repayment, customers assigned a grade of “Attention” are determined to have a lower probability of repayment, and customers assigned a grade of “Secondary” are determined to have a lowest probability of repayment. Loan performance is reviewed on a recurring basis to identify whether the assigned grades adequately reflect the customers’ likelihood of repayment. The balance of loans recognized as result of payments under guarantees by grade of monitored credit risk quality indicator as of March 31, 2021 and 2022 were listed as below:
|  | March 31, 2021 |  |  | March 31, 2022 |
|  | RMB |  |  | RMB |
Normal |  |  | 66,924 |  |  |  | 10,267 |
Attention |  |  | 252,572 |  |  |  | 121,209 |
Secondary |  |  | 1,043,060 |  |  |  | 247,783 |
|  |  | 1,362,556 |  |  |  | 379,259 |
The movement of provision for credit losses for the year ended December 31, 2019, the three months ended March 31, 2020, the fiscal years ended March 31, 2021 and 2022 was as follows:
|  | For the year ended December 31, |  |  | For the three months ended March 31, |  |  | For the fiscal years ended March 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Beginning balance of the period |  |  | (256,639 | ) |  |  | (763,122 | ) |  |  | (2,190,575 | ) |  |  | (1,182,609 | )
Changes on initial application of ASU 2016-13 (i) |  |  | — |  |  |  | (172,843 | ) |  |  | — |  |  |  | — |
Additions |  |  | (398,167 | ) |  |  | (326,204 | ) |  |  | (68,578 | ) |  |  | — |
Provision for credit losses (i) |  |  | (255,105 | ) |  |  | (1,039,367 | ) |  |  | (29,272 | ) |  |  | (94 | )
Write-off |  |  | — |  |  |  | 48,908 |  |  |  | 252,508 |  |  |  | 13,093 |
Bought out by certain non-bank financing institutions without recourse |  |  | — |  |  |  | — |  |  |  | 845,305 |  |  |  | 821,496 |
Payments from the borrowers or other recoveries |  |  | 146,789 |  |  |  | 62,053 |  |  |  | 8,003 |  |  |  | 23,743 |
Ending balance of the period |  |  | (763,122 | ) |  |  | (2,190,575 | ) |  |  | (1,182,609 | ) |  |  | (324,371 | )
(i) Due to the impact of a series of regulations governing lending and debt collection promulgated by relevant authorities in the three months ended December 31, 2019, the performance of the loans recognized as a result of payments under guarantees has been adversely affected, and significant provision for additional credit losses was incurred in the fourth quarter of 2019, taking into the consideration of credit grades, vehicle collateral repossession and residual value of vehicle collateral. Due to the COVID-19 pandemic, the performance of the loans recognized as a result of payments under guarantees has been adversely affected further, which resulted in further provision for credit losses in the three months ended March 31, 2020. The following table explains the changes in the provision of credit losses by grade of monitored credit risk quality indicator as of March 31, 2022:
|  | Normal |  |  | Attention |  |  | Secondary |  |  | Total |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Beginning balance of the period |  |  | (11,787 | ) |  |  | (149,220 | ) |  |  | (1,021,602 | ) |  |  | (1,182,609 | )
Reversal of/ (Provision for) credit losses |  |  | 6,483 |  |  |  | 49,903 |  |  |  | (56,480 | ) |  |  | (94 | )
Write-off |  |  | 36 |  |  |  | 1,589 |  |  |  | 11,468 |  |  |  | 13,093 |
Bought out by certain non-bank financing institutions without recourse |  |  | 1,286 |  |  |  | 38,599 |  |  |  | 781,611 |  |  |  | 821,496 |
Payments from the borrowers or other recoveries |  |  | 14 |  |  |  | 6,105 |  |  |  | 17,624 |  |  |  | 23,743 |
Transfer from Normal to Attention |  |  | 2,358 |  |  |  | (2,358 | ) |  |  | — |  |  |  | — |
Transfer from Normal to Secondary |  |  | 514 |  |  |  | — |  |  |  | (514 | ) |  |  | — |
Transfer from Attention to Secondary |  |  | — |  |  |  | 22,040 |  |  |  | (22,040 | ) |  |  | — |
Transfer from Attention to Normal |  |  | (343 | ) |  |  | 343 |  |  |  | — |  |  |  | — |
Transfer from Secondary to Attention |  |  | — |  |  |  | (41,784 | ) |  |  | 41,784 |  |  |  | — |
Transfer from Secondary to Normal |  |  | (366 | ) |  |  | — |  |  |  | 366 |  |  |  | — |
Ending balance of the period |  |  | (1,805 | ) |  |  | (74,783 | ) |  |  | (247,783 | ) |  |  | (324,371 | )

X
- References No definition available. + Details
Name: | uxin_LoanRecognizedAsResultOfPaymentUnderGuaranteeAbstract
Namespace Prefix: | uxin_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for loan recognized as a result of payment under the guarantee. + References No definition available. + Details
Name: | uxin_LoanRecognizedAsResultOfPaymentUnderGuaranteeTextBlock
Namespace Prefix: | uxin_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration