Judging from the strictness of examination and approval, mortgage is obviously much stricter than car loan. If you are a small partner who has applied for these two loan products, you know that the car loan can be easily passed. Basically, as long as there is not much problem with credit reporting, the pass rate is still relatively high. However, the mortgage is different. Although mortgage is related to people's livelihood, it is still relatively auditable. Mainly because the loan amount of mortgage is obviously much higher than that of car loan, and the service life of mortgage is too long, which will greatly increase the risk of bank lending. The loan period of mortgage varies from 5 years to 30 years, while the service life of car loan is 5 years at the longest. Many times, users can only apply for a car loan for three years. From here, it is not difficult to see how different the service life of mortgage and car loan is, so the bank's review of mortgage is extremely strict to minimize the possibility of overdue repayment in the future.
Some small partners may need to apply for mortgage and car loan at the same time, but not everyone can pass at the same time. Because mortgage loans generally involve a relatively large amount of loans, borrowers have a relatively high repayment ability. If the car loan is added at this time, it will undoubtedly form a greater test for the borrower's repayment ability. If everyone's repayment ability is not very strong, I'm afraid they can't apply at the same time. But if everyone can guarantee that their debt ratio will not exceed 50%, then the probability of the next payment is still great. In particular, the choice of car loans in private financial institutions will reduce the qualification requirements for users and improve the pass rate.
Under normal circumstances, detectives do not recommend that you apply for these two products at the same time, so as not to cause greater repayment pressure on yourself.