It will be affected, and you can only apply again after the record is eliminated.

According to the "Regulations on the Administration of the Credit Reporting Industry":

Article 16

The retention period of bad personal information by credit reporting agencies shall start from the bad behavior or incident. It shall be 5 years from the date of termination; if it exceeds 5 years, it shall be deleted. During the retention period of adverse information, the information subject may explain the adverse information, and the credit reporting agency shall record it.

(1) Required conditions for borrowers

1. Natural persons aged 18-60 years old (Hong Kong, Macao, Taiwan and foreigners are also acceptable).

2. Have a stable career, stable income, and the ability to repay loan principal and interest on schedule.

3. The actual age of the borrower plus the loan application period should not exceed 70 years old.

(2) Information required:

1. Original and 3 copies of the identity cards and household registration of the applicant and the spouse (if the applicant and the spouse do not belong to the same household registration Proof of marriage relationship must be attached separately).

2. Original house purchase agreement.

3. An original and a copy of the receipt for advance payment of 20% or more of the room price.

4. Documents proving the applicant’s family income and relevant assets, including salary slips, personal income tax returns, income certificates issued by the unit, bank deposit certificates, etc.

5. One copy of the developer’s payment account number.

Extended information:

Factors affecting the loan period and mortgage term

1. The age of the loan applicant

The bank is providing When a borrower evaluates the mortgage repayment period, his or her age is first used as the basis. Generally, if you meet the loan conditions, the younger you are, the longer the loan term will be.

On the contrary, the older you are, the shorter the loan term is. Under normal circumstances, "the age of the borrower + the loan term does not exceed 65 years" is the loan period that the bank can handle for him.

2. The age of the loaned house

When a borrower purchases a property, the "age" of the property purchased will determine how many years the loan can be taken. According to bank regulations, newer properties are easier to get loans for. For example, second-hand houses whose construction period is less than 10 years have better conditions in all aspects.

Banks are willing to speed up the approval of housing loans of this type of age. Second-hand houses in the 1970s and 1980s are older and have relatively greater loan risks that banks can control, so banks are very cautious in approving loans for such houses.

3. The financial ability of the loan applicant

On the other hand, for applicants who want to buy a house with a loan, such as job income, job stability, savings deposits, assets, etc. The factors that banks consider are also factors that determine their own loan application time.

Borrowers with stronger financial strength can consider loan options with shorter loan terms and certain repayment pressure. Like 70% of the loan plan for 10 or 15 years, or even 60% to 50%.

Borrowers with weaker financial strength need to pay attention to whether their economic conditions allow them to bear greater repayment pressure. If the bank's credit rating and other aspects are better, this group of people may receive up to 8 into a 20-year loan.

Baidu Encyclopedia - Buying a House with a Mortgage

Baidu Encyclopedia - Buying a House with a Loan