This stage usually involves some necessary steps to ensure that the loan is issued to the borrower correctly and safely. These steps may include fund settlement, account reconciliation, contract review, etc. Generally speaking, the state of "loan processing" will last for several days to several weeks, depending on the internal process and processing speed of the bank.
During this period, the borrower needs to ensure that all the information provided to the bank is accurate and complete in order to successfully complete the loan process. At the same time, the borrower should also pay attention to check the bank notice and keep the contact information unblocked, so that any problems can be solved in time.