Why was the mortgage rejected? Summary of reasons for rejection of bank loan application

Due to the rising house prices, most people now choose to buy a house with a loan when they buy a house. However, there are some people who will be refused to apply for bank loans. So what is the reason why the application for bank loan was rejected? This article brings you a summary of the reasons why the bank refused to lend, for your reference.

housing loan, also known as housing mortgage loan. Housing loan refers to that the buyer fills in the application for housing mortgage loan to the bank and provides legal documents, such as ID card, income certificate, housing sales contract, letter of guarantee, etc. the bank promises to grant loans to the buyer after passing the examination, and according to the housing sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer, For real estate mortgage registration and notarization, the bank shall directly transfer the loaned funds to the account of the house selling unit in the bank within the time limit specified in the contract.

1、 Providing false information

For some reason, some people try to muddle through with a fake material. However, the bank has long refined a pair of 'golden eyes' and submitted fake materials. These tricks are difficult to pass. Once found, the road of loan will be completely ruined by themselves. Therefore, do not submit false materials.

2、 Bad personal credit investigation

As we all know, after the borrower applies for a loan, the bank will start to review the borrower's personal credit investigation records. As the loan requirements of the bank are generally relatively high, it is generally difficult to apply for a bank loan if the borrower's personal credit is poor. The bad credit mentioned here mainly includes overdue credit cards, overdue loans, providing guarantees for others, and the overdue repayment of the other party's loans, which will form a credit stain on the applicant. Even changing several banks for consultation is useless.

3、 Limited age and income

Now there are many banks that can lend, so the loan conditions and requirements of each bank are also different. Before applying for a loan, the borrower should understand the relevant policies and requirements of the lending bank and judge whether he meets the loan application standards of the lending bank. Generally speaking, most banks require borrowers to be over 18 years old, have a stable career and income.

1. Low income and difficult loan

When applying for a house loan, the bank will require to provide an income certificate and a bank statement. Usually, there is a certain proportion between the income and the monthly supply of the house loan. If the income of the buyer does not meet the proportion requirements of the bank, it will basically be rejected by the bank.

2. Difficult loan due to age mismatch

Generally, the bank stipulates that the applicant is 18-65 years old, of which 25-40 years old is the most popular group, followed by 18-25 years old and 40-50 years old, and 50-65 years old. Housing loan applications are generally not passed. Because the older the lender, the greater the chance of health problems, affecting the repayment of the loan, so the higher the risk borne by the bank.