Repayment on time and applying for consumer loans will not affect the application for housing mortgage loans.

First of all, some banks can't get credit for consumer loans, which is equivalent to applying for a large credit card. The monthly interest rate is generally between 0.5% and 0.75%, and the handling fee is 2% of the loan amount.

Another method is short-term revolving loan, which is funded by the guarantee company and repaid with the loan. The monthly interest is about 0.9%, and the handling fee is generally 5% of the loan amount. After successfully purchasing a house and obtaining a bank loan, the first repayment will be made in two mortgage, or the guarantee intermediary will assist the buyers to apply for consumer loan repayment.

Extended data

The existence of consumer loans will affect the approval of your mortgage. As mentioned above, if you apply for a housing loan again after obtaining a consumer loan first, your loan situation and repayment ability will be confirmed, perhaps through other property rights mortgage or guarantee.

Under normal circumstances, a small amount of consumer loans will not affect housing mortgage loans, nor will it increase the down payment. However, if the amount is too large, for example, the monthly payment for consumer loans is 5,000 yuan, while the monthly payment for housing mortgage loans is 3,200 yuan, then the actual monthly payment is 8,200 yuan. According to the pre-tax calculation, the monthly payment for repayment accounts for 68.33% of the income.

According to the principle of bank loan, the monthly payment shall not exceed 50% of the income. If it exceeds this limit, it will be considered that the repayment ability is insufficient and the loan risk is too high, and the loan will not be approved. Therefore, the actual limit is your income or down payment.