How long does it take to review a bank loan? What's the reason for not lending money?

These days, if you want funds and have good credit, there are plenty of ways. Applying for bank loans and online loans can solve your temporary needs. Generally speaking, bank loans have lower interest rates and are safer and more reliable. But bank loan approvals are also notoriously slow. Many friends don’t know how long it will take for the bank to review the loan before disbursing it. What’s the reason if the bank never disburses the loan? Let's take a look.

How long does it take to review a bank loan? Loan bank: The length of time for bank loan review will be different for each bank. Since the business and procedures of each bank are different, the review time will be different. Loan type: The loan review time is also related to the type of loan. If it is a credit loan, the payment can be made on the same day at the earliest. If it is a mortgage loan, it may take more than ten days or even one or two months. Lending institution: If you only apply for a loan directly from a bank, it will be relatively slow and usually takes more than a week. If you apply through a lending institution, it will be faster.

What is the reason why bank loans have not been disbursed? 1. Due to the long review time of the bank, sometimes it takes more than a month. If there is any problem with your credit during this period, or the debt is too high, the loan may fail. 2. The bank's loan review process is very complex and rigorous and needs to be reviewed by various departments. If you fail to pass one of the intermediate steps, you will not be able to issue the loan. 3. Changes in the bank's internal policies lead to changes in the approval authority for this loan, and the loan cannot be completed temporarily. Here we introduce to you the bank loan review time and the reasons why the loan has not been released. Generally, after applying for a loan, you can directly check the application progress. You will also be notified if there are any abnormalities. If it is not possible, you can ask customer service for the relevant reasons. Is there any hope if Ruifeng Bank fails the review?

Not much hope. Ruifeng Bank's review is relatively strict, and bank loans are difficult

Before understanding the loan review failure, we must first analyze the specific reasons. Generally speaking, there are no more than 6 situations when banks refuse to import documents, 1 , Debt ratio is too high

2. Personal credit report is stained

3. Credit record is white 4. Special work background or insufficient income certificate

5 , Incomplete personal information or false information

6. What should I do if my credit report is checked and the bank’s credit loan review is too slow? Summary of reasons!

Each bank has many personal consumer loans. Most of them can be applied for based on credit alone. You can basically know the review results on the same day. Some approval times are a bit long. So why is the bank's credit loan review so slow? manage? It can be solved like this.

1. Why is bank loan review slow? 1. Incomplete information: Due to the rapid development of mobile banking in recent years, many functions are not perfect and the user experience is poor. After applying for mobile banking, some users will forget to upload relevant supporting documents and only remember to check until there is no result. The background will always show "under review" and there is no progress. 2. Risk control system: The risk control of each bank is different. Some banks have stricter audits and require coordination and supervision from multiple departments. It takes a lot of time to go back and forth, so the review process may be delayed. 3. Application time: Pure credit loans are generally automatically reviewed by the system, which automatically determines whether to grant you a credit limit based on your qualifications, transaction records, and credit. Credit loans with relatively high thresholds require manual review, which may be slow. In addition, approval will be faster on working days. If you apply in the middle of the night or on holidays, if there is a problem, manual processing cannot be done in time, which will delay a certain amount of time.

2. What should I do if the loan review is too slow? 1. Direct application at the counter: For some special loan products, it is recommended to apply directly at the counter. There will be dedicated credit staff to assist you in submitting information and filling out the form, and the approval speed will be faster. 2. Choose products with low thresholds. Many banks will have pure credit mobile phone quick loans. This small loan system will review and provide results in a few minutes. In addition, credit card installment loans are also a good choice, and they can be reviewed immediately after submission.

Why is mortgage approval so slow? There are mainly these reasons!

Buying a house loan is the main way to buy a house today. Most people only need to pay a certain down payment and make monthly repayments on time. However, it is not as easy as before to get a loan to buy a house, especially the waiting time for mortgage approval. It is very long and makes many impatient users miserable. So why is mortgage approval so slow? There are several main reasons, you can learn about them.

1. Provident Fund Loan This method has slow review and complicated process, and many developers no longer accept Provident Fund loans because of the slow payment recovery. The disbursement time of this kind of housing loan is very slow. It usually takes about 1-2 months to disburse the loan. If it is slower, it will take 6 months in some areas.

2. Home loan approvals such as commercial loans are slightly faster. However, national policies have changed in recent years. Inflationary pressures are high and liquidity is excessive. The central bank continues to increase the deposit reserve ratio, so banks lend money every month. The amount of money is limited, and even if it is approved, you may have to wait in line for the loan due to various reasons.

3. Queuing If the mortgage approval has been stuck, it may be that the loan procedures and loan qualifications are fine, but the bank has no money to lend, so everyone is queuing. It is not possible to say how long it will take to get the loan approval. Once approved, the waiting time is much longer than before.

4. Mortgage approval time. It takes 15 working days for personal provident fund loans. Loan approval takes 15 working days, and mortgage needs 10 working days. Portfolio loans generally take 15 working days to about one month; general commercial loans The loan approval time is approximately 5-7 working days after the interview and all documents are complete. If the approval time is too long, you can try to contact the credit manager, or go to the bank directly to ask.