Moreover, if the borrower borrows too much loans and fails to pay them back within the time limit, then the bank may refuse the loans.
Under what circumstances will I be refused a loan?
1, personal credit record is bad. In principle, the bank can refuse to lend if it has accumulated six overdue records for three consecutive times in two years. Overdue records include credit card repayment, mortgage repayment and car loan repayment. Overdue records will appear in your personal credit record.
2. When applying for a commercial loan, if the applicant submits false information, such as income certificate or contact information, once the bank finds the information false, the bank will refuse the loan. Even if the personal credit record is good, it can't be recovered.
3. Fraudulent loans with the nature of fraudulent loans refer to the inflated loan amount when applying for loans, which increases the loan risk of bank lending institutions and will be recognized as fraudulent loans.
4. The lender is older. Generally, banks stipulate that applicants are 18-65 years old, among which 25-40 years old is the group welcomed by banks, followed by 18-25 years old and 40-50 years old and 50-65 years old. Under normal circumstances, applications for housing loans are not approved.
5. Bank reasons: the amount of bank loans is insufficient, the current mortgage policy is tightened, the bank's risk control is strict, and the mortgage business suddenly increases;
6. Developer's reason: The documents handled by the developer are incomplete, and the relevant qualification certificate for selling houses has not been handled.