With the tightening of bank credit policy, when banks approve loans, subtle changes have taken place in the evaluation criteria for borrowers. People with good credit investigation and strong repayment ability may not be smooth in applying for loans. What factors will banks check when they lend?
1、 Natural condition class
Natural conditions, including the borrower's name, age, occupation, number of loans and housing conditions, and the age of second-hand houses.
1. Lender age
The borrower's age when the bank reviews the loan, the borrower is required to be 18-65 years old, of which 25-40 years old is the more popular group, followed by 18-25 years old and 40-50 years old. People aged 50-65 are more likely to develop diseases, which will affect normal repayment.
2. Lender occupation
Occupation will also affect mortgage approval. Some people are classified as high-quality customers, such as civil servants, teachers, doctors, lawyers and employees of the world's top 500. Their working income is relatively stable and usually favored by banks.
3. Number of loans
Determine the number of loans. If there are joint lenders, the bank will also review their age, occupation and other qualifications as the main lender. In short, the situation of all applicants will affect the loan application.
4. Housing age
If you buy a second-hand house, the bank will review the age of the house, usually 20-25 years. The old second-hand house may be reduced or rejected by the strict bank. Moreover, housing age will affect the loan life. Generally, the relationship between housing age and loan life is: housing age + loan life ≤ 50 years, but there are differences in the sum of housing age and loan years between cities, and some require no more than 40 years at most. This year, the policy has been tightened. Some cities have shortened the loan life, and also shortened the sum of house age + loan life. The review of the age of second-hand houses has also become stricter. When selecting houses, we should pay attention to the age of second-hand houses.
2、 Solvency and guarantee capacity
Repayment and guarantee include the lender's income, assets and other repayment ability and personal credit investigation.
1. Personal credit investigation
Personal credit investigation is a prerequisite for obtaining a loan. A good credit investigation shows that the borrower has good loan and repayment habits, which can ensure the timely repayment of the house loan in the future. Usually, banks will review the lender's loan records within 5 years and credit card records within 2 years. Strictly, they will look at the credit investigation within a longer period. It should be noted that overdue for 3 consecutive times or 6 times in total is a serious bad credit investigation and will be rejected by the bank.
2. Repayment ability
Repayment ability includes the lender's monthly income, annual family income, family deposits and other assets. Generally, the relationship between monthly income and monthly supply is that the monthly supply does not exceed half of the monthly income, and others, including housing, financial products and social insurance payment, can reflect the borrower's economic ability from the side.
3、 Relationship with banks
This category can be translated into how much benefit the lender can bring to the bank. After all, the bank also needs to make profits. Previously, some local banks stipulated that as long as the deposit in the bank reaches a certain amount, or the applied loan reaches a certain amount, they can be classified as high-quality customers of the bank, enjoy the preferential interest rate of the first house, and give priority to obtaining loans. However, in order to control the expansion of housing credit this year, Banks have set lending limits. There are a total of those limits. Compared with last year, there are many fewer loans that can be released, affecting the overall income. We can only find a way from the loan interest rate. Many cities have cancelled the interest rate preference, and some even raised the interest rate of the first house by more than 10%. Some people even think that the rules of bank lending have changed: whoever can accept the interest rate rise can lend faster, and the repayment ability is a secondary condition. The market is changing, and banks have to reposition their relationship with buyers for the sake of income.
We believe that although it all depends on the repayment ability and credit investigation, the situation this year is completely different from that of last year. Last year, there were no too many restrictions on the issuance of housing loans. The bank loan interest rate was generally low, there were more choices for house buyers, the lending speed was also faster, and high-quality customers could get more benefits. This year is different. The overall credit scale is limited, and the qualification examination has become stricter. Buyers have to queue up for credit after applying for loans, and the bank has delayed lending. It is expected that this queuing will continue until the end of the year.
The suggestion to you is that the current situation is that buyers are subject to various restrictions, and it is not so easy for sellers to sell. The whole trading market is relatively cold. If they just need to buy a house, they can sell it at any time as long as they have demand and find a suitable house, and their economic ability allows. If you are an improved buyer and want to sell your old house for a big house, you should consider buying and selling the house at the same time. Due to the long lending cycle, you should pay attention to whether the overall time cost is within your acceptance range, because the longer the transaction time, the greater the probability of problems, which is not conducive to buying a house. Both the just in need group and the improvement group are faced with problems such as the increase of down payment, interest rate and time cost. In addition to ensuring their good qualifications, we should also pay attention to the changes in the banking market. If the rules change, we should follow the trend. What degree we can accept is the most important thing to consider.