1. Credit card installment is a kind of financial service provided by banks for cardholders, which allows cardholders to repay large consumption in several installments, which can alleviate the short-term financial pressure of cardholders to some extent.
2. The approval of mortgage is mainly based on the applicant's credit history, income status, debt ratio and other factors. The bank will comprehensively evaluate the repayment ability and credit status of the applicant to decide whether to approve the loan.
whether a credit card can be used for mortgage loan by installment actually depends on the applicant's overall credit status and the bank's approval policy. Credit card installment itself will not directly affect the mortgage application, but if the applicant has the following conditions, it may affect the approval of the mortgage:
1. Too many credit card installments lead to a high debt ratio, which may make the bank think that the applicant's repayment ability is insufficient.
2. The credit card is overdue by installment, which will directly affect the applicant's credit record, and the bank will consider this factor when approving the mortgage.
3. Frequent application for credit card installment or online loan may be regarded by banks as a signal of weak fund management ability.
Extended information:
Before applying for a mortgage, applicants are advised to check their credit status first. You can know your own credit record by querying the credit report, and find and solve possible problems in time. At the same time, reasonable financial planning, avoiding excessive debt and maintaining a good credit record will help improve the success rate of mortgage approval. In addition, the approval criteria of different banks may be different. Applicants can consult and compare the mortgage conditions with a number of banks and choose the most suitable mortgage product.