1. Will it affect the installment payment in the credit card if you want to buy a car loan?

If it is not overdue, it will generally not be affected. When applying for a personal loan, the lending bank will comprehensively refer to your credit record and make a comprehensive evaluation based on the business type, personal solvency, credit status and other factors you apply for, which 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.

second, will it affect the car loan if there are multiple credit cards to repay in installments?

banks will inquire about users' photos when approving cards, because the number of credit cards can show the total credit line of users from the side. If it is used, it will lead to the application that the total credit line of other banks is over-loaned. Of course, this does not mean that too many cards will definitely be an important reference factor in deciding whether to approve loans.

However, if the user's car loan is rejected, it may be caused by the following situations in the credit card:

The loan is very strict for the user's credit information, especially in the case of three consecutive times, the usefulness is very small. However, if the overdue circumstances are not strict, the bank may also consider granting loans.

2. Credit card debt is high. The debt situation of credit card can show the user's repayment ability from the side, especially if there are multiple cards under his name, and he often pays the minimum repayment or installment. Banks will feel that users' repayment ability is insufficient, so they won't neglect

Extended information:

Precautions for applying for car loan:

1. When signing a car loan contract, car buyers must read the contract carefully to see how the insurance clauses are stipulated in the contract and whether all types of insurance are required.

2. Some car loan discounts offered by dealers have certain restrictions on car models. If you don't want to be restricted by car models, you must be clear before buying a car to avoid unnecessary troubles.

3. Different lending institutions charge different fees. If you want to save the cost of car loan, you'd better make a careful calculation based on your own situation to see if you can borrow money to buy a car.