Most families will choose to buy a house with a loan, but many people are buying a house for the first time and are not familiar with the bank's requirements. As a result, some buyers have to pay the down payment in a hurry and are not informed until they submit the loan application materials. Situations where the application is rejected by the bank because it does not meet the conditions. Therefore, before we apply for a loan, we must understand the reasons why we were rejected after paying the down payment to see if we meet the loan conditions.

1. Personal credit report

If there is a problem with personal credit report, and there has been past due or non-repayment, it is very likely that the bank will refuse the loan. Therefore, before making a down payment, you must first check whether your credit report is in good condition. If it is just a small mistake or system reason, these can be made up for through some means.

2. Loans that are excluded by banks

Each bank system is different. When applying for housing loans, some banks will only accept users who have previously had small loans or online loans, and some banks will even reject customers who have Alipay and other borrowers. If it is rejected due to such reasons, then the applicant needs to repay these loans as soon as possible and issue a settlement certificate, and it will basically be done.

3. High debt

The applicant's debt has a great relationship with the amount and size of the loan, and may even be rejected by the bank. If the applicant is rejected for such problems, You can try to get approval by reducing your existing loan amount. If you don’t have funds, you can use some financing methods to solve the problem.

4. Questioning the repayment ability

The way the bank examines the repayment ability is mainly reflected in the applicant’s income, turnover, property, and even workplace. If the bank questions You may also be denied a loan based on your repayment ability. When encountering this situation, you can deal with it by completing your personal information, such as providing proof of income, making bank statements, registering RVs, bank deposits, etc. Married people will have a higher passing rate than unmarried people. It is recommended to deposit a certain amount of money into the same bank card for several consecutive months, and keep doing this for 3-6 months. This kind of flow can also be recognized by some banks.

Conclusion of the article: The reasons and solutions for being rejected for loan after paying the down payment are introduced here. I hope it will be helpful to everyone.