I. Debt ratio
The debt ratio should not be too high. Usually, if the debt exceeds 70%, the application will be rejected. And the monthly repayment amount cannot exceed 50% of the salary. There are some differences in the requirements of liabilities among different banks, and some banks require that the debt ratio should not exceed 80%.
There is a simple and rude way to judge personal debt ratio, that is, the proportion of personal debt to monthly income. For example, if the monthly income of netizen Xiaohua is 10000 yuan, the credit card bill is 3,000 yuan, and the monthly mortgage payment is 3,000 yuan, then Xiaoming's debt ratio is 60%.
Second, proof of income
The assessment of repayment ability requires proof of income. These can prove your income: social security, provident fund, salary certificate issued by the bank, bank running water, income certificate issued by the unit.
The longer the social security payment period, the better. When applying for decoration loan, ensure that social security is in a state of renewal. Similarly, the provident fund is also the longer the payment period, the better, and the higher the balance.
Don't think that the bank's payroll is the same as the bank's running water. Actually, it is not. Banks can ask the company's finance for help, or log in to the online bank to print it themselves, or go to the bank counter to print it.
Don't think that the bank flow is the billing information of your income and expenditure. In fact, bank flow refers to the deposit and withdrawal transaction records of bank current accounts (including current passbook and bank card).
To apply for a decoration loan, the bank mainly depends on the interest settlement in your bank account. To put it bluntly, it depends on how much money you have in the bank.
If your repayment ability can't meet the requirements, the bank may also reject your application for decoration loan.