I'm paying my mortgage. Can I apply for a loan to buy a car again?

you can apply for a car loan. In fact, there are many factors that determine whether an individual can still apply for a car loan, including: the applicant's credit history. How does a person's credit record determine whether he can apply for a car loan? If he has a good credit record, he can apply for a car loan, otherwise he can't. The repayment ability of the applicant. Whether an applicant can apply for a car loan again when the loan has not been paid off depends on the applicant's repayment ability. If the applicant does not have enough repayment ability, he can no longer apply for a car loan. Therefore, you can apply for a loan to buy a car if you have not repaid the loan, but only if the borrower has sufficient repayment ability and a good credit record.

Can I borrow money to buy a car if I have a mortgage?

Yes, the bank will only consider the individual's repayment ability, which has no direct impact on whether you already have a car loan. However, if you have too much personal debt, it will definitely affect the approval of personal car loan, and you are worried that you will not be able to repay on time in the later period. Therefore, in this case, the bank will ask for more proof of running water or repayment ability.

house loan, also known as house mortgage loan, is that the buyer fills in the application form of house mortgage loan to the loan bank and provides the required documents such as ID card, income certificate, house sales contract, guarantee, etc. After passing the examination, the loan bank promises loans to the buyer, and handles real estate mortgage registration and notarization according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loaned funds within the time limit stipulated in the contract. The borrower shall fill in the application for housing mortgage before the loan, and submit the following supporting materials from the bank: the borrower's fixed income certificate issued by the borrower's unit; Credit certification documents such as business license and legal person certificate of the loan guarantor; A legally valid identity certificate of the borrower; Relevant certificates of housing ownership or proof that I have the right to control the housing in accordance with the law; Appraisal report, appraisal report and insurance documents of mortgaged real estate; Contracts, agreements or other supporting documents for the purchase and construction of housing; Other documents or materials required by the lending bank.

car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio between the loan amount and the principal that the bank gives to consumers, that is, borrowers, to buy cars for their own use (non-profit-making family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers. According to the regulations of the central bank, the benchmark interest rate of auto loans is implemented, but financial institutions can fluctuate within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans, which has become an important factor in determining whether people make loans or not.

can I get a loan when I repay my mortgage and car loan?

Yes, it depends on the actual situation of the lender. What kind of loan does the applicant want to apply for, how much loan to apply for, and how long is the time limit for applying for the loan. If the applicant's personal qualifications are not bad, he can get a loan.

For example, if the applicant has a car loan and then applies for a credit loan of 4, yuan, if the monthly income of the applicant is 2, yuan, and the car loan to be repaid every month is only 2, yuan, as long as the applicant's personal credit is good, there is no overdue situation and there is no other debt, then the probability of obtaining a credit loan is very high.

of course, this is also inseparable from the loan institution chosen by the applicant. Banks always have higher requirements for applicants, and strictly control the applicant's asset-liability ratio. The asset-liability ratio exceeds 4%, and banks will hardly consider lending.

can I refinance my car loan if I haven't paid it off? Yes, if conditions permit, but the borrower should arrange the loan amount reasonably. In addition, borrowers can also consider applying for loans from loan companies. Compared with banks, loan conditions of loan companies are much looser, and the chances of successful loans are greater. However, the cost of loans is much higher than that of banks. Therefore, it is necessary for borrowers to make repayment plans before applying for loans.

Knowledge expansion:

The conditions for car loan are as follows:

1. Having valid identification and full capacity for civil conduct;

2. Can provide fixed and detailed proof of address;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the cooperative organization.

The process of buying a car with a loan:

1. Lead the customer to choose a car at the bank's special dealer and sign a car purchase agreement or contract;

2. The borrower applies for personal car mortgage loan from the lending bank;

3. Sign the contract after investigation and approval;

4. Go through the formalities of notarization and mortgage of automobiles;

5. The lender handles the loan;

6. after the loan is paid off, the lender cancels the pledge certificate and returns it to the customer.

can I borrow money to buy a car with a mortgage?

you can still apply for a car loan if you have a mortgage.

one: there is no conflict between car loan and mortgage. As long as you can meet the conditions and requirements put forward by banks or lending institutions, you can apply for car loans regardless of whether you have a mortgage. Generally, as long as the customer can prove that he has enough economic income and the ability to repay the principal and interest of the loan on time, he can successfully get the car loan.

second: when applying for a car loan, you must prepare all relevant materials, such as bank running water, certificates of deposit and other economic income and assets, the more abundant the better. And if you are worried that the loan bank or lending institution will not pass its own loan application, you can also find a qualified guarantor to guarantee; Or use assets as collateral. This can also increase the success rate of the loan.

one: banks pay more attention to our credit information when making loans. If your credit information has been stained due to overdue before, it will be difficult to make loans. Secondly, it is also very important to have a stable job income, so the best way is to make a monthly bank flow in the bank or issue an employment certificate and income certificate stamped with the official seal in the company where you work, so that you can get a car loan even if you have a mortgage.

two: secondly, if our monthly repayment amount accounts for 5% of our monthly income, the bank is also likely to refuse our loan, because the bank needs to ensure that you have enough money to live while repaying each month, so that you can repay for a long time. If unfortunately the bank doesn't approve our car loan application, we can try to take factory finance when buying a car. Generally, factory finance has a higher pass rate, and factory finance doesn't pay much attention to credit reporting. They pay more attention to whether you have repayment ability.

three: finally, I still need to remind you that it is not recommended to use provident fund loans to buy a car, because provident fund loans can only be used for housing-related aspects, and it is actually illegal to use provident fund loans to buy a car. In serious cases, it may even be subject to the provident fund management center, which is not worth the candle.

That's the end of the introduction about whether you can borrow money to buy a car when you repay the mortgage and whether you can borrow money to buy a car when you repay the mortgage. I wonder if you have found the information you need?