The application for a loan is a complex process, and when applying for a loan for a house, we often have problems with letters and liabilities, so let's find out more。

What about the personal debt ratio

First of all, let us be clear that the bank will conduct a full review of your credit when it approves the mortgage. It's like, if you're a "high-debtor," it could affect your approval to apply for a mortgage. So, since the debt is so important, how can we find out? In fact, we can find everything by going to the People's Bank of China's system. There, you'll have all the information on your liabilities, including personal loans, credit cards, loan guarantees, etc. Anyway, as long as you leave a debt trail, he can find it。

And then you might think, "Do I have to pay off all my debts before I can apply for a Provident Fund loan?" Not really. In principle, as long as your debt is not too high, and sufficient financial income information is available to demonstrate that you will be able to repay the loan on time and that personal credit is good, even if there is a liability, it will not affect your application for a Provident Fund loan. However, if the liability is high, it is recommended that you clear some of it first in order to reduce the rate of personal indebtedness, which otherwise may affect the approval of the mortgage。

Finally, it is important to remind you that if you already have a Provident Fund loan, you have to clear the old settlement before applying for a new Provident Fund loan. In addition, the letter system requires that the Provident Fund loan be held only twice at the most。