Can I still apply for a credit loan if I have a mortgage?

The user already has a mortgage. If he meets the application conditions for a credit loan, he can continue to apply for a credit loan. If you do not meet the application conditions for a credit loan, you cannot apply for the loan. Even if you submit the application, there is a high chance that it will be rejected immediately. In fact, whether a user can apply for a credit loan has nothing to do with whether he or she has a mortgage. The key lies in whether the user meets the application conditions for a credit loan.

Of course, when the user's repayment ability is insufficient, the lending institution will not be willing to lend money to the user on the premise that the mortgage loan needs to be repaid every month. Can I apply for a credit loan if I haven’t paid off my mortgage?

Can I apply for a credit loan if I haven’t paid off my mortgage?

Applying for a credit loan mainly depends on whether the applicant has sufficient repayment ability, not whether the applicant has arrears, even if there are still arrears that have not been paid off, such as a mortgage.

However, the applicant still has sufficient repayment ability when applying for a credit loan, so it will not affect the application for a credit loan.

At the same time, it should also be noted that if there is a mortgage that has not been repaid, it also depends on the applicant's mortgage repayment record.

Applying for a credit loan mainly involves using personal credit as a guarantee. If the applicant has a bad credit record, it will be difficult to apply for a credit loan from the bank.

So, if you have not paid off your mortgage, you can only apply for a credit loan. What needs to be understood is that bank credit loans have higher requirements and are generally not easy to apply for. If your application for a credit loan at the bank fails, you can also choose to apply for a credit loan from a local regular loan company.

Extended information:

What are the prerequisites for a mortgage loan?

Mortgage housing credit loan (also known as monthly payment enlargement loan, mortgage follow-up loan, housing mortgage plus loan),

is for a real estate mortgage loan that has been approved or a real estate mortgage has been processed customers, providing unsecured credit loans.

First of all, we must understand that mortgage housing can be used as a credit loan. Many people who bought a house with a mortgage don't know.

As long as you have good credit and have paid off your mortgage for half a year, you can get a loan from a bank.

But for credit loans, the maximum limit for general consumer loans is 300,000.

The maximum limit for operating loans is only 500,000. The limit obtained through a combination of loans from different banking institutions will be higher. High, but the repayment period is generally 3 years, with the longest being 5 years. Can I apply for a credit loan after my mortgage is approved?

After the mortgage loan is approved, you can apply for a credit loan, but the premise is that there is no overdue repayment record during the period of repaying the mortgage loan. Credit loans pay more attention to the lender's credit report and repayment ability. If when applying for a credit loan, there is an overdue mortgage in the credit report, it is basically difficult to get the application approved. In addition, if you are changing jobs when applying for a credit loan, the bank will think that the borrower does not have sufficient repayment ability, which will also affect the review results.

Only if the lender has good credit and has good repayment ability can it pass the credit loan review.