specifically, the online loan record in the credit report will lower the credit rating of the borrower by the bank, which may lead to an increase in the interest rate of the house purchase loan or a decrease in the loan amount. Banks will determine the loan interest rate and amount according to the borrower's credit status, and borrowers with lower credit ratings may need to pay higher interest rates or fail to obtain higher loan amount.
In addition, if there is overdue repayment or default in the online loan record in the credit report, the bank may be more cautious about the borrower's application for housing loan. Overdue repayment or default records will have a greater negative impact on the borrower's credit rating, and banks may be worried that the borrower will not be able to repay on time, which will greatly hinder the approval of housing loans.
Therefore, if you plan to buy a house and need to apply for a loan, it is recommended to reduce the online loan records as much as possible before applying for a loan and keep a good repayment record to improve your credit rating. In addition, paying off the existing online loans in time to avoid overdue repayment or default will help to enhance the bank's trust in you.
Don't treat overdue online loans lightly, because besides collection, personal credit will also be affected. Especially for online loans with credit information, once there are overdue records, it will have a serious impact on future business such as bank loans or credit cards. Even if the online loan cannot be credited, the data can still be recorded. You can check your online loan history, overdue details, liabilities, untrustworthy information and online loan blacklist in Xiaoqi Credit Check.