Bad credit record determines whether to apply for a loan based on overdue status.
There are many different types of bad credit. If the overdue amount is not serious for a few days, it will not have much impact. If the overdue amount is serious, with a total of more than 90 days or more than 6 overdue times, you can only get a mortgage loan. .
Required documents for applying for a bank loan:
1. Valid identity document;
2. Proof of permanent residence or valid residence certificate, and proof of fixed residence; < /p>
3. Proof of marital status;
4. Bank statement;
5. Proof of income or personal asset status;
6. Credit report;
7. Loan usage plan or statement;
8. Other information required by the bank.
Required conditions for bank loans:
(1) Over 18 years old, with full civil capacity, urban resident permanent residence or legal and valid residence identity certificate;
(2) Pay the first installment of the house purchase;
(3) Have stable legal income and the ability to repay interest;
(4) When applying for a loan , home buyers have free funds of no less than 30% of the purchase price.
(5) The borrower agrees to use the purchased house and its equity as collateral;
(6) The property rights of the purchased second-hand house are clear and can be entered in compliance with the regulations of the Beijing Municipal Government. Conditions for real estate market circulation;
(7) The purchased house is not within the scope of the demolition announcement.
(8) Other conditions required by the lending bank.
The procedure for unsecured loans is generally divided into three steps:
(1) The customer submits basic information, including work unit and contact number.
(2) The lending bank or company checks the customer's credit information, including whether the customer's credit rating has any illegal records. For self-employed individuals and small and medium-sized enterprises, it is also necessary to investigate their business operations.
(3) The staff of the lending unit signs a contract with the customer and implements the loan in the shortest time.
When a citizen with a bad credit record borrows money from a bank and makes late repayment or fails to repay as agreed, the bank will submit the relevant information to the People's Bank of China, and the People's Bank of China will write down the above behavior. A citizen's personal credit record, such a record is called a bad credit record.
If a borrower wants a loan, he or she must pay it back conscientiously and maintain a good credit record.