Yes, you can apply for a loan if you have no bad credit record. If you have a bad credit history, you will usually not be able to get a loan for five years.

Credit stain: also known as bad credit record. It belongs to the aging category of personal credit records. After a bank customer applies for a loan, due to some reasons, the repayment is overdue, which is a credit stain. Different banks have different standards for approving personal credit records. As time changes, consumers' economic conditions and repayment situations will also change. Banks will not always pay attention to consumers' early bad credit records.

On November 2, 2012, the central bank confirmed that a new version of the personal credit report has been launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and overdue records will be retained for 5 years thereafter. , which means that citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans in full and on time for 5 consecutive years, their credit will be cleared.