Bad credit records left in the central bank's credit report will make it difficult to apply for loans, which is not conducive to the approval of loans and credit cards, and the loan interest rate may be higher.

Local housing provident fund management centers have regulations on whether credit records affect provident fund loans in line with local actual conditions, mainly in the following three situations:

1. After the bad credit record exceeds a certain standard, you cannot apply for provident fund loans;

2. As long as you meet the conditions for provident fund loans, you will be eligible for provident fund loans. The credit rating of provident fund loans is evaluated according to individual occupation, deposit base and provident fund balance;

3. Increase the down payment ratio or loan interest rate according to personal credit qualification.

The specific situation still needs to consult the local housing provident fund management center. Buying a house will consume a large part of the family's funds, and loans can still be saved.

Extended data:

What are the conditions for housing provident fund loans?

Apply for housing provident fund loans need to meet the following conditions:

The applicant has reached the age of 18 and has full capacity for civil conduct;

Personal credit is good, and there are no bad information records in the credit report (mainly reviewing the credit information in the past two years);

Have a legal and stable source of economic income and the ability to repay the principal and interest of the loan on time;

In the local area, the housing provident fund has been paid in full and on time for six months or more, and the provident fund account is in a normal state of payment;

Have not applied for provident fund loans or the loans have been settled (note that those who have applied for provident fund loans must pay off the loans before they can apply for new provident fund loans; If you have applied for provident fund loans twice, you can't apply for provident fund loans regardless of whether the loans are settled or not.

Will personal credit records affect provident fund loans?

After the introduction of the new policy of benefiting the people with provident fund, many citizens and friends will use personal housing provident fund for loans when handling the down payment of housing loans. Many friends who want to buy a house are more concerned about a problem, that is, will personal credit records affect the loan application of provident fund? Remind borrowers that the review process of provident fund loans is relatively strict. If the applicant has a bad credit record, it will affect the applicant's application for provident fund loans.

Will personal credit records affect the application for provident fund loans?

Citizens and friends must ensure a good personal credit record when applying for provident fund loans. The state has clearly defined the criteria for determining the personal credit status of borrowers:

(1) If the overdue records are accumulated for more than 3 times but not more than 6 times in the last two years, it belongs to the purchase of the first house, or belongs to the existing house and the corresponding housing loan balance has been settled, and the minimum down payment ratio is 30%; For those who have a house but have not settled the balance of the corresponding housing loan, the minimum down payment ratio is 40%.

(two) in the past five years, three consecutive periods or accumulated more than six overdue records belong to the purchase of the first house, or the existing house and the balance of the housing loan has been settled accordingly, and the minimum down payment ratio is 30%; For those who have a house but have not settled the balance of the corresponding housing loan, the minimum down payment ratio is 40%.

(3) In the past two years, there have been more than three consecutive periods or accumulated six overdue records, which belong to the purchase of the first house, or the existing house and the corresponding housing loan balance have been settled, and the minimum down payment ratio is 50%; The minimum down payment ratio is 60% for an existing house but the corresponding housing loan balance has not been settled.

(4) If the borrower has multiple overdue records at the same time, the most serious situation shall be taken as the identification standard.

(5) For other identification of personal credit status, refer to the Notice of the Housing Provident Fund Management Center on Relevant Matters Concerning the Approval of Personal Loans for Housing Provident Funds.

(6) By verifying the bank details of the loan applicant, it is indeed an overdue record of the annual credit card fee, and it can be calculated without counting the overdue periods.

To apply for provident fund loans, you need to pay a certain margin, which belongs to phased guarantee plus mortgage. According to the provisions of the National Guarantee Law, before the mortgage formalities of the property are completed, the deposit will be paid by the developer, and the money will be returned to the developer after the mortgage formalities of the lender are completed and the guarantee is revoked.

What are the specific requirements of provident fund loans for personal credit records?

For personal housing provident fund loan business in China Bank, the loan applicant must meet the following conditions:

1, a natural person who has reached the age of 18 and has full capacity for civil conduct;

2. Have a permanent residence or valid residence status in China, and pay the housing provident fund at the place where the loan is applied;

3. Have a stable professional and economic income, a good credit record and the ability to repay the principal and interest of the loan;

4. The property right of the purchased house is clear, and the buyer and the seller sign a legal and effective house sales contract or agreement;

5. Have paid or have paid a certain down payment, and can provide corresponding proof. Because there are differences in policies and requirements for individual housing provident fund loans in housing provident fund management centers around the country, you need to consult the provident fund loan business outlets in detail or consult the local provident fund management center.

The above contents are for your reference. Please refer to the actual business regulations.