Does a home loan require a credit card settlement certificate?

If you need to apply for a home loan, you usually need to provide a credit card settlement certificate. A credit card settlement certificate proves your ability to repay your home loan and is a necessary supporting document when applying for a home loan. Do I need to pay off my credit card to apply for a mortgage loan?

I do not need to pay off my credit card to apply for a mortgage loan. There is no bad credit record and it will not affect normal loans.

There is no requirement to pay off a credit card when applying for a mortgage. Loan approval is based on an individual’s comprehensive score.

No bank stipulates that credit card debt must be paid off before taking out a loan, but some banks will treat credit card debt as a liability when calculating the approval limit, which will reduce the loan limit; however If the credit card has the minimum repayment, it also means that the repayment ability is not very strong, and the bank will consider the repayment ability.

Personal housing loan is a kind of consumer loan, which refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for self-use. When a lender issues a personal home loan, the borrower must provide a guarantee. If the borrower is unable to repay the principal and interest of the loan when due, the lender has the right to dispose of its collateral or pledged property in accordance with the law, or the guarantor shall bear joint and several liability for the repayment of the principal and interest.

Loans are intended for natural persons with full capacity for civil conduct. The loan conditions are that urban residents purchase ordinary houses for self-use and have a house purchase contract or agreement, have the ability to repay principal and interest, have good credit, have a down payment of 30% of the funds required for house purchase, and have a loan guarantee recognized by the bank, etc.

Personal housing loans can only be used to purchase ordinary houses for self-use and urban residents to repair or build self-use houses, and cannot be used to purchase luxury houses.

The full name of personal housing entrusted loan is personal housing guaranteed entrusted loan, which refers to the personal housing loan entrusted by the housing fund management center to be issued by commercial banks using the housing provident fund.

Housing provident fund loans are policy-based personal housing loans. On the one hand, they have low interest rates; on the other hand, they are mainly provided to low- and middle-income provident fund paying employees. However, since the interest rate of housing provident fund loans and commercial loans is more than 1%, both investors and ordinary people who buy houses for themselves are more inclined to choose housing provident fund loans to purchase houses.

Personal housing self-operated loans are loans issued to individual home buyers with bank credit funds as the source. Also known as commercial personal housing loans and personal housing guaranteed loans.

Personal housing portfolio loans refer to loans issued to the same borrower for the purchase of ordinary housing for self-use from housing provident fund deposits and credit funds. It is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans. When taking a provident fund loan, do I have to pay off all credit card debts before I can get a loan?

It does not necessarily mean that the credit card must be used first and then paid back. As long as you have no bad record of overdue use, you can apply for a provident fund loan. Generally, there is no problem. Can you apply for a housing provident fund loan if you still have money on your credit card that has not been paid off?

Hello, if you still have money on your credit card that has not been paid off, there are two situations:) After consumption, it has not been paid off within the interest-free period. , does not affect the loan; 2) After consumption, it has been overdue and has not been repaid, which may produce a bad record in the People's Bank of China Credit Center, which will have an impact on the review of provident fund loans; I hope this can help you