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Will applying for credit card installment affect the loan?

Will credit card installment affect the loan?

It has an impact.

If you apply for a credit card installment, the repayment of each installment will be calculated as a liability. When you apply for a mortgage loan from the bank, the bank will analyze the borrower's repayment ability through the income certification materials provided by the borrower, and pass it through the banking system. Overall rating.

If the debt is too high and the score does not meet the bank's passing score, the bank will refuse credit. Of course, if your income is high and your credit is good, it won't matter.

The specific examples are as follows:

For 2W installment, the monthly repayment is 700 yuan. For the loan installment, the monthly repayment is 2,000 yuan. Then your income certificate and turnover must cover 2,700 when taking the loan. 2 times. If there is no 2W installment, just the monthly mortgage payment, your income certificate and turnover will cover 2 times of 2,000

The above is the impact. Mortgage loans are better. If it is a provident fund loan, provident fund No more money can be loaned out.

Extended information

Business type

From the perspective of installment payment, the starting amount of a single transaction for cardholders to handle this business is limited. The installment repayment grades and handling fee standards are also different; they can be roughly divided into three categories:

The first category is carried out in cooperation between banks and special merchants, but the product types are limited;

The second category is a product catalog offered by the bank. The cardholder selects and purchases from the catalog, and the bank then entrusts the supplier to deliver the products to the customer;

The third category is one that does not limit merchants and products. After the cardholder makes a purchase, he or she can apply for installment repayment from the bank. Some banks even set the acceptance scope to be global.

Classification

Most domestic banks have credit card installment business. Installment payments are generally divided into shopping mall (POS) installments, online, mail and other methods according to different occasions. "Mail Order Installment" vs. Bill Installment.

Shopping mall installment

Also known as POS installment, it means that cardholders go to shopping places and make purchases in "malls" where installment can be carried out. When checking out, please show the shopping mall's credit card that supports installment payment and indicate that you need to pay in installments. The cashier will swipe the card on a dedicated POS machine according to the number of issues required by the cardholder (such as 3 issues, 6 issues, 12 issues, etc., a few shopping malls support 24 issues).

Note: Cardholder identity verification is required when making installment purchases in shopping malls, so remember to bring your ID card.

Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank. Installment products can generally be purchased as long as they are normally sold in the shopping mall. In many cases, cardholders can also bundle multiple items together at checkout and then make installment payments.