Lending institutions will judge users' repayment ability not only by their income, but also by their credit liabilities, mainly according to these two aspects. Generally, the debt ratio is lower than 50%, indicating that users have strong repayment ability. If it exceeds this limit, it shows that users have weak repayment ability and are not favored by lending institutions. If you want to handle the vehicle mortgage loan smoothly, users need to do the following:
1, trying to make money and increase income. The borrower's debt is in direct proportion to his income. As his income increases, the debt ratio will also decrease. Therefore, users need to stop handling vehicle mortgage loans and strive to make money to increase their income, so as to reduce the personal debt ratio, which is very helpful to improve the success rate of applying for loans.
2. Reduce liabilities through repayment. You can seek the help of relatives and friends, or sell idle items and collect money to pay off the credit business of credit reporting and reduce the personal debt ratio. As long as the debt ratio is controlled within 50%, you can try to apply for vehicle mortgage loan products.
3. Find a guarantee institution or individual to provide guarantee. When handling vehicle mortgage loan products, if the user is currently in high debt and has insufficient repayment ability, he can find a guarantee institution or individual to guarantee the borrower and share the repayment responsibility with the borrower, which can effectively reduce the risk of the borrower's vehicle mortgage loan and improve the success rate of loan application to a certain extent.
4. Increase the down payment ratio. If the borrower applies for a car loan, that is, mortgages the car at the same time as the loan, if the personal debt ratio is high, he can choose to appropriately increase the down payment ratio, and the minimum down payment ratio is 30%. Specific users can choose according to their actual situation. If the down payment ratio is high, the loan amount will be reduced and the borrowing risk will be reduced.
Therefore, users need to refer to the above factors when handling vehicle mortgage loan products, otherwise the loan application will be rejected. When applying for a loan, users should borrow reasonably according to their personal needs and repayment ability, and don't blindly pursue a high amount, otherwise they will easily borrow excessively and eventually be unable to repay.