Is it true that credit cards affect loans?

With the rapid development of the economy, people's consumption concepts have also undergone major changes. Advanced consumption and early consumption have become more and more popular among the people. Young people use credit cards every day when shopping and spending. However, some people find that their loan rejection is actually because they have a credit card. So is it true that credit cards affect loans? Let’s find out together below. Under normal circumstances, the application status of a credit card will not affect the loan. On the contrary, if the credit card holder uses his credit card well, he can use it to prove his repayment ability, thereby gaining the favor of the bank and getting more loans. Large loan amount. However, there are also situations where credit cards affect loans. The details are as follows:

1. If the credit card is overdue for more than six times in two years, you cannot apply for a provident fund loan. Personal credit cards are overdue for three consecutive months, or the cumulative overdue credit card is more than six times within two years. times, in this case, you cannot apply for a provident fund loan. Generally, when banks or provident funds apply for loans, they mainly rely on the borrower's two-year credit record. Therefore, cardholders who plan to apply for provident fund loans to buy a house should not use credit cards easily for consumption, and must ensure timely repayment.

2. If personal credit is bad, commercial loan interest rates will be raised. If some people who want to borrow money to buy a house have had many overdue credit cards, resulting in bad personal credit, then they will definitely not be able to apply for provident fund loans. , consider using a business loan. However, considering the borrower's past bad credit record, most banks will increase the base interest rate by at least 10%. Of course, if your overdue payments are very serious and occur too often, the bank will not approve your loan application. To sum up, the credit card impact on the loan will only occur when you fail to repay the credit card on time. Under normal circumstances, it will not affect the loan application, so I would like to remind all card friends not to repay the credit card overdue. Will applying for a credit card during the process of applying for a mortgage have an impact on the application for a mortgage?

Will it have an impact?

The "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" have corresponding provisions:

Article 40 The card-issuing bank shall establish and improve the credit review system of credit card applicants, clarify the management structure and Internal control mechanisms. The card-issuing bank shall conduct a credit investigation on credit card applicants.

Fully verify and completely record the applicant’s valid identity, financial status, consumption and credit history and other information, and confirm that the applicant has a fixed job, a stable source of income or reliable repayment guarantee.

Extended information:?

Relevant legal provisions of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks":

Article 61 The cardholder continuously requires payment of more than To limit fees to complete overdraft transactions that exceed the credit limit, the card-issuing bank must immediately stop card use exceeding the credit limit after the end of the second billing cycle.

When a card-issuing bank conducts credit card marketing activities to students on the campus of any educational institution, it must notify the relevant educational institution in advance of the specific location, date, time and content of the marketing activity and obtain the consent of the educational institution.

Article 62: Card-issuing banks shall provide complaint handling services, establish unified and efficient complaint handling procedures based on the characteristics and complexity of credit card products (services), clarify the management department for complaint handling, and publicly disclose complaints. processing channels. Will applying for a credit card before the mortgage loan is approved have any impact on the loan?

In the approval process of bank mortgage (and other credit applications) business, the total credit amount displayed on the personal credit report will be a reference.

However, this "total credit limit of credit cards obtained" is just a reference. For people whose assets are strong enough to cover all credit limits, as long as these total amounts are not large, they will generally not affect the housing loan. of approval.

Another criterion for home loan approval is: the accumulated outstanding balance of your credit cards. If this indicator exceeds 30% and your asset limit is not large, it may affect the approval.

It means: It doesn’t matter if you have a card, I don’t use it much, but I use it often. ——Such customers are high-quality customers.

I have a classmate who is a big boss. The three cards in his name have a limit of more than 1 million. He also got a card that he has never used in order to "help friends complete tasks." If he buys a house, There is definitely no problem with the loan.

To be honest, housing loans are basically “loans” supported by the local government. For banks, they are also low-risk projects “backed by a house”.

Therefore, what banks are most interested in is how well your income level covers average monthly repayments, and how stable the applicant’s income is.

As long as your income is high enough and stable enough, even if you have 5-6 credit cards, there is a high probability that there will be no problem in getting your mortgage approved.

Hello, I am very happy to answer your question. According to your description, it is just a credit card and basically has no impact!

In practice, many of my friends did not have enough down payment before buying a house, so many of them applied for several credit cards to collect the down payment, and the mortgage was also reduced.

Let me talk about my views:

First, it must have an impact:

1. When applying for a mortgage, I also applied for a credit card. It can be understood as the current shortage of funds or economic difficulties;

2. Once banks have doubts and concerns, in order to avoid risks, they often refuse directly without obtaining evidence and verification;

3. But if your personal credit record has always been good and your debts are not high, then the problem will not be big and the impact will not be big.

Second, these are the things to pay attention to:

1. Because the essence of a credit card is also a liability, if you already have a large credit card before applying for a mortgage, it is best to return it. Apply for a mortgage loan again, otherwise the bank will think that the customer's debt is too high and refuse to lend;

2. If you already have multiple credit cards before applying for a mortgage loan, it is best to keep only 2-3, and the other credit limits are small If so, just cancel it and apply for a mortgage, otherwise the bank will think that the customer is applying for cards all over the world and the risk of financial difficulties is high and refuse to lend.

Hope this helps, and good luck to everyone!

If you have any questions, please leave a message or send me a private message.

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If there are no other loan approvals or credit card approvals recently, and there are no serious bad records before, there will be no problem.

Under normal circumstances, there will be no more than 2 inquiries in a month, no more than 6 times in 3 months, and no more than 3 overdue inquiries in half a year. There is still no big problem

Just click if you agree. Pay attention

If you just apply for one card, it won’t have much impact. Don't activate the card after you get it. Wait until the mortgage loan is approved before activating it.

Regardless of whether it is before or after the mortgage loan is approved, applying for a credit card will have little impact on the loan. Banks will not refuse to lend because you apply for a credit card during the mortgage application process. Instead, some business staff may require you to apply for a credit card when applying for a mortgage. Now, whether to disburse a mortgage loan is mainly based on personal income, including personal taxes. Personal qualifications such as a letter, etc., so as long as there are no overdue credit cards, etc.

Hello, it will not be affected. As long as the mortgage review conditions and credit card review conditions are met, both applications can be approved.

To apply for a mortgage loan, you need to meet the following conditions:

Have a local urban permanent residence or valid residence status, and be a Chinese resident aged 18-65;

Have a stable Occupation and income, good credit, and the ability to repay the principal and interest of the loan on time;

Have self-raised funds of more than 20% of the total price of the house purchased, and guarantee that it will be used to pay the down payment of the house purchased;< /p>

Have assets recognized by the bank as mortgage or pledge, or a unit or individual with sufficient repayment capacity as a guarantor to repay the principal and interest of the loan and bear joint liability;

Have a house purchase contract or agreement , the price of the house purchased basically conforms to the assessed value of the bank or the real estate appraisal agency entrusted by the bank;

Other conditions specified by the bank.

In your situation, it shouldn’t have much impact. Before I got a house loan, I asked for a credit card and an online loan.

If you originally have no problem with your credit report and only apply for one credit card, in fact, there will be an additional credit card approval query on your credit report, which will not have a big impact and will not affect your mortgage application

The credit report is good, the half-month salary turnover meets the requirements, and there are basically no big problems