Failed to repay the car loan will not affect the provident fund loan to buy a house. Let’s take a look at the editor’s life slowly. Car Loan and Provident Fund

First of all, car loans are commercial loans. Provident fund loans will not be affected.

If the car loan has not been paid off, you can also apply for a provident fund loan to buy a house, but there are conditions: 1. Have a legal identity, stable economic income, good credit, and the ability to repay the principal and interest of the loan; 2. Have supporting documents such as a house purchase contract and agreement; 3. Provide a guarantee recognized by the center; 4. Have paid provident fund continuously for one year; 5. Other conditions specified by the Center.

Secondly, car loans have nothing to do with provident fund loans, as long as you have good credit and meet the loan conditions. Additionally, your monthly repayments cannot exceed $50 of your household income. There is no impact on car loans, provident fund loans can be provided.

Finally, the provident fund loan review will not only check the provident fund deposit status, but also understand the applicant's credit and repayment ability through a credit check. Many people borrowed small loans before issuing provident fund loans but did not repay them. They are worried that if their credit investigation records are found, the provident fund loans will be rejected. So, will outstanding small loans affect provident fund loans? It is recommended not to step on the wrong side. Provident Fund

A Provident Fund loan is no better than other loans, you have to use your own funds to pay the down payment. In order to prevent consumer loans from flowing into the real estate market, the source of down payments will be strictly verified. Therefore, when approving provident fund loans, we will pay more attention to previously processed small loans, especially new small loans in the first six months of the loan. Regardless of whether it is past due or not, it will be paid off and a proof of settlement will be issued before the funds are released to the office. Lease. At the same time, if there are a large number of small loans, and more than 3 lending institutions have opened accounts, it shows that the applicant is not financially strong, does not have sufficient repayment ability, and is suspected of using loans to support loans, which is also not conducive to the approval of provident fund loans. , in this way, it is best to pay it off before applying for a provident fund loan and getting the settlement certificate.

To sum up, I believe you already know whether the unpaid car loan will affect the provident fund loan.