How much personal debt can't be loaned?
First of all, in the industry, no one can apply for a loan line if his personal debt exceeds XX yuan. Generally speaking, banks or other financial institutions observe the repayment ability and risk degree according to the personal debt ratio of users.
If commercial banks or other financial institutions are not so strict in this respect, they will require the borrower's personal debt ratio not to exceed 70%; Most banks will require the borrower's personal debt ratio not to exceed 50%; There are also some banks that have strict requirements on the borrower's debt ratio, requiring that the personal debt ratio should not exceed 30%.
The formula of personal debt ratio is: personal debt ratio = total debt/total income * 100%. It should be noted that credit card bills, mortgages, small loans and other loans that banks can find in credit information will be included in the calculation formula.
Assuming that A has an annual income of 500,000 yuan and a mortgage of 700,000 yuan, if it is included in the calculation formula, it is not considered that A has a high debt ratio. However, if A still needs to bear the car loan and credit card bills, then A's debt ratio exceeds 70%, which is a high-risk group, and the bank will not agree to the loan approval.
What is the appropriate personal debt ratio?
For banks, if the debt ratio of users is too high, the overdue risk will increase. If the user has no debt at all, it is difficult for the bank to understand the repayment ability and income ability of the lender from the blank credit record. So generally speaking, the debt ratio between 30% and 50% is the best.
The above is the sharing of "how much personal debt can't be loaned", I hope it will help everyone!