Student-origin student loan is a loan service provided by financial institutions such as China Development Bank to eligible freshmen and students with financial difficulties. Many people have applied for student loans, so does overdue loans have an impact on mortgages?

Does loans overdue's study affect the mortgage?

Loans overdue affects housing loans. Loans overdue's study is very serious. Once you are a student in loans overdue, the system will upload the overdue records to the central bank for credit reporting, which will affect the borrower's personal credit reporting. After the credit information is affected, it takes five years to eliminate it. Therefore, if the credit record is not eliminated, it will affect the house loan. Therefore, it is recommended to apply for a housing loan after the overdue credit information is eliminated.

In addition, studying in loans overdue will not only affect the credit information, but also charge a penalty interest, which will be charged from the date of loans overdue until the borrower pays off, which will increase the repayment pressure of the borrower and lead to an increase in the repayment amount. Therefore, after applying for a student loan, you must repay it on time and never overdue.