Personal debt ratio does not exceed 50%; Personal loans will affect car loans. If the borrower's loan is not paid off, it may affect the amount of the car loan or the loan cannot be obtained. The borrower's repayment ability is limited. If there are many outstanding loans and it cannot be proved that they can be repaid in time, the bank may refuse the loans; Frequent borrowing of online loans will leave too many loan records on credit information, which may lead banks or auto financing companies to reject auto loan applications for fear of insufficient repayment ability.

Influencing factors of personal debt:

1, income level: personal income level determines the ability to repay debts;

2. Debt types: different types of liabilities (such as consumer loans, mortgage loans, credit card debts, etc. ) bring different interest and repayment pressures;

3. Debt ratio: the ratio of personal total debt to total income, usually measured by debt-to-income ratio (DTI);

4. Repayment period: The repayment period of liabilities will also affect personal financial pressure;

5. Interest rate level: the interest rate of loans or debts directly affects the total repayment amount and monthly repayment amount;

6. Asset status: whether the assets owned by individuals can cover or reduce the pressure brought by liabilities;

7. Credit records: personal credit records affect the loan interest rate and future lending ability;

8. Economic environment: Changes in the macroeconomic environment, such as changes in interest rates and inflation, will also affect the actual burden of personal debt.

To sum up, personal debt is too high, including the debt ratio exceeding 50%, the outstanding loan affecting the new car loan, the limited repayment ability leading to the bank's refusal to lend, and frequent peer-to-peer lending leaving a bad influence on the credit record. All these factors may lead banks or auto financing companies to reject auto loan applications for fear of repayment risks during the evaluation period.

Legal basis:

Interim measures for personal loans

Article 11

Personal loan application shall meet the following conditions: (1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state; (2) The purpose of the loan is clear and legal;

(3) The amount, duration and currency of the loan application are reasonable; (4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no significant bad credit record; (6) Other conditions required by the lender.

General principles of loans

Article 10

In addition to entrusted loans, the lender shall provide loans and the borrower shall provide guarantees. The lender shall strictly examine the repayment ability of the guarantor, the ownership and value of the collateral, and the feasibility of realizing the collateral. After loan review and evaluation, it is confirmed that the borrower's credit status is good, and the loan can be repaid without providing guarantee.