Today, there is a wide variety of borrowing platforms on the market, and it is no longer difficult to relieve economic pressures through microcredit. However, many users did not plan well for repayment at the time of borrowing, which resulted in the eventual loan being overdue. When they were prepared to apply for bank loans, they realized that their credit records could become obstacles. So, does the overdue loan affect the application for a car loan

Can I borrow a car if I'm late? These cases can be financed

When approving car loan products, banks first look at the user ' s personal letter report. Most banks do not have particularly strict letter requirements for car loans. As long as the users do not have a record of six times in the last two years and there are currently no outstanding arrears, it is generally possible to apply for a car loan。

In particular, in the case of overdue borrowings, the impact on car lending needs to be assessed in the light of different circumstances:

1. ** Borrowings are not **: in this case, the overdue borrowing will not have a negative impact on the receipt of letters and therefore will not affect the processing of car loans。

2. ** Borrowing letter**: if the overdue loan was settled two years ago, the impact on the current car loan would be minor. If the loan is overdue in the last two years, but is shorter, smaller in amount and closed, and the cumulative overdue record is not more than six times, this may be the case。

3. ** Current overdue**: this situation is not eligible for a car loan. In addition, applications for a car loan may be refused in seconds if there are six cases in the last two years (i.e. three consecutive or six cumulative delays)。

To be successful in obtaining a car loan, it is necessary first to ensure that the letter-and-letter status meets the requirements of the bank. Borrowers need to provide a fixed and detailed address, a stable occupation or source of income to ensure sufficient repayment capacity。

It should be noted that different banks may have different user requirements. As a result, specific situations also require detailed consultation by the users themselves at the bank site. In any event, it is recommended that users, when using loan products, maintain good credit behaviour and pay in full and on time, thus avoiding poor records such as overdues。