Nowadays, many people take loans to buy houses. Banks are strict in loan approval. In addition to looking at the applicant's repayment ability, they also look at the applicant's debt situation. When many people apply for credit card cash installment products such as Pufa Universal Gold, they are worried that it will affect their mortgage loan. Let’s take a look.

Does Pudong Development Bank’s Universal Gold affect housing loans? Pudong Development Bank is a large-amount credit card cash installment product of China Guangfa Bank. Although it can provide cardholders with large-amount capital turnover services and can repay in installments to relieve stress, it is best not to apply before applying for a mortgage because it It will have some impact on the number of loans approved. We all know that when applying for a personal housing loan from a bank, your credit record and repayment ability will be one of the important options for review. After applying for the Shanghai Pudong Development Bank Universal Credit Card, the credit report shows a large credit card, and the usage limit is the amount that has not yet been repaid. The bank can understand the cardholder's debt situation from the installments on the credit report. If the amount of the universal loan you apply for is too high and you have to repay thousands of dollars every month, the bank will think that this person has only a small monthly income and has to repay the loan. Sooner or later, the approved mortgage will be overdue, and maybe it will be overdue. Loan rejected. Even if the applicant may have never been overdue and has very good credit, with a universal fund, it will not be so easy to get approved for a mortgage loan. After all, banks consider more about your overall ability than your personal credit record, that is, whether you have enough repayment ability. As mentioned earlier, banks will doubt the repayment ability of cardholders because they have applied for universal funds, and will not easily approve loans. Of course, if you can provide enough proof of financial resources, such as large deposit certificates, cars in your name, etc., the bank will probably approve the loan. Otherwise, it may require you to settle the debt owed to Pudong Development Bank before coming back. Apply. Summary: After applying for Pudong Development Bank’s Universal Gold, it will affect the bank’s assessment of your comprehensive ability. If you do not have strong financial strength, it is recommended not to touch these credit products with high credit before applying for a mortgage, so as not to affect the mortgage approval.