If the personal debt ratio exceeds 50%, you cannot borrow money. Because the debt ratio exceeds 50%, the repayment ability of users will be greatly reduced. At this time, financial institutions continue to lend money to users, and the risk of overdue is greater. In order to reduce the overdue risk, financial institutions will reject the loan application of users, so when the debt ratio exceeds 50%, users will not be able to apply for most financial loans.

As for users who apply for small loans, whether they can pass the loan review depends on the actual audit results. Users whose debt ratio exceeds 50% want to continue to apply for loans, or reduce their personal debt ratio and improve their repayment ability, so as to continue to apply for loans. No matter how many loans users apply for, they must repay them on time, otherwise the overdue records will seriously affect their personal credit information.

Processing flow of bank loans

1, prepare data

Individuals should first prepare the materials needed for bank loans, including loan application, customer ID card, household registration book, income certificate, proof of marital status and other materials (for customers with spouses, spouse ID card and household registration book should also be provided). If they are customers with mortgage loans, they need to issue property certificates of collateral; If you are a customer with unsecured loans, you need to provide a good credit record.

Step 2 apply

After preparing the relevant materials, the customer can apply for a loan at the bank or the law firm entrusted by the bank, and submit the relevant materials to the bank for review. After paying various fees, the customer needs to sign a loan contract with the bank as a legal document binding both parties.

3. Payment review

If it is a house purchase loan, the law firm entrusted by the bank will first conduct a preliminary examination of the customer's application, and if it is qualified, the bank will conduct the final loan approval; If the audit fails, the bank will return the relevant information of the customer and the fees charged.

4. Go through other legal procedures.

In addition to the contract, the customer also needs to go through some legal procedures. If it is a mortgage customer, the customer needs to register the mortgage in the bank for future inquiry.

5. Bank loans

After the customer's relevant procedures are completed, the bank will approve the loan or report it to the superior for approval according to the borrower's evaluation. Then, the staff will inform the customer of the loan amount, loan term, loan interest rate and other related details, and issue a loan instruction to transfer the loan project to the customer's account.