Consumer loans are loans made for individual consumption needs, often with credit card instalments, consumer loans, etc. Does it have an impact on a person's ability to apply for a home loan when his consumer loan record is higher and closed? This issue needs to be analysed from multiple perspectives。

Will the settlement of a large number of consumer loans affect the mortgage

First, consumer loan records have an impact on an individual ' s credit assessment. In the course of a loan application, a bank or financial institution evaluates the credit of an individual to determine his/her ability to repay. The large and closed consumer loan record shows, on the one hand, that he has a strong consumer demand, which could lead to a higher repayment pressure, and, on the other hand, that if the consumer loan record is overdue or defaulted, it will have a negative impact on the credit assessment of the individual. On the basis of the results of the credit evaluation, the bank decides whether to lend, and the amount and interest rate of the loan. As a result, the high level of record-keeping and settlement of consumer loans may have an impact on an individual ' s credit assessment and thus on the application for a mortgage。

Second, people with large and closed consumer loan records may face repayment pressure. Consumer loans are often accompanied by high interest rates, and if a person accumulates many consumer loans in a relatively short period of time, even if they can be settled, this may in part increase his repayment burden. When applying for a mortgage, the bank assesses the repayment capacity of the individual according to his or her debt burden. People with large and closed consumer loan records may be subject to additional debt pressures, which may adversely affect housing claims by affecting their ability to repay。

In addition, in some regions or in particular banks, there may be some restrictions on those who record and close their consumer loans. In some areas, mortgage policies may regulate the debt situation of individuals, and those with large consumer loan records and cleared may need to meet higher conditions to be approved. Some banks also have their own lending policies, which may result in more rigorous scrutiny of those with high consumer loan records. Thus, for those who have a large record of consumer loans and are closed, the application may face some limitations。

However, it should be noted that the ability to apply for a mortgage is also linked to other factors. Individual income levels, job stability and the overall status of credit records also have an impact on mortgage applications. Those who have a large record of consumer loans and who have settled will still have the opportunity to apply for loans successfully if they otherwise demonstrate a better credit record and repayment capacity, as well as a stable source of income。

In summary, the large number of consumer loan records and the fact that they have been closed may have an impact on the application for housing. This impact is reflected mainly in credit appraisals of individuals, repayment pressures and restrictions on loan applications in some regions and banks. However, an individual ' s overall credit record, repayment capacity and income levels have an impact on mortgage applications. As a result, the large number of consumer loan records and the fact that they have been closed do not necessarily prevent individuals from applying for housing。