When applying for a personal loan, the lending bank will refer to your credit history comprehensively, not just for a certain period of time. If you intend to apply for a personal loan in China Merchants Bank, whether the approval can be passed is based on the comprehensive evaluation of the business type, personal solvency, credit status and other factors, and can only be determined after the approval of the handling outlets. I suggest you provide relevant application materials and contact the personal loan department of the local China Merchants Bank outlet for further verification.

It does not mean that credit card debt will be rejected when applying for a mortgage, but mainly depends on the applicant's debt ratio.

Under normal circumstances, personal debt ratio = total debt/total income * 100%, while relatively loose banks stipulate that there is room for lending when the debt ratio does not exceed 50%, and the debt ratio does not exceed 60% at the highest. Once it exceeds this range, it is a sign of insufficient repayment ability, and it is more likely to be refused a loan.

For a simple example, if your credit card is overdrawn by 40,000 yuan, your monthly living expenses are 5,000 yuan and your monthly income is 80,000 yuan, then your debt ratio = 40,000+5,000/80,000 = 56%. This debt ratio can generally approve loans, but the bank may require you to deposit as a guarantee for repayment before giving you loans.

Extended data:

Mortgage loan is different from ordinary commercial loan; Conventional commercial loans need to examine the loan applicant's asset-liability ratio. But the bank's assessment of mortgage is different. What banks need to consider is an indicator called "return rate". This "income repayment ratio" means that the principal and interest of various loans that the loan applicant needs to repay each month shall not exceed 55% of the average monthly income, excluding credit card debt.

Therefore, credit card debt will not have much impact on our application for mortgage.

Baidu encyclopedia-credit card loan

Baidu encyclopedia-credit card