If a user applies for a commercial loan when buying a house, most banks need two weeks 1 month from the time the borrower submits the application materials to the time of lending. If it is a second-hand housing loan, it also involves transfer and re-mortgage procedures, and the time may be delayed by about a week. If you apply for provident fund loans, it will take 1 to 2 months or even longer because it involves many institutions such as provident fund and banks.
What are the procedures for handling mortgage loans?
How long does it usually take to approve a housing loan?
1. Generally speaking, it takes about one month for you to apply for a house loan at the bank.
2. Step 1: The applicant pays the down payment according to the agreed proportion and signs a house purchase contract with the developer.
Step 2: The applicant applies for a loan, fills in the loan application form and submits the application materials required by the bank.
4. The third step is bank acceptance, investigation and approval. The approval process includes: the bank investigates and verifies relevant information, and decides whether to grant loans, loan amount, interest rate, term, etc.
5. Step 4: After approval, the bank signs a loan contract with the borrower, and goes through the filing and mortgage procedures.
6. Step 5: The bank issues the loan, and the applicant repays it on time according to the prescribed repayment method.
7. So it takes almost one month to complete the above five steps. You just have to wait patiently.
8. Actually, it depends on what kind of loan you use, whether it is a commercial loan or a housing provident fund loan. If you use a commercial loan, it's usually quick. Under normal circumstances, if it passes the audit, it will be 3 days faster and 7 days slower. However, provident fund loans are relatively slow. Generally speaking, the municipal provident fund is about 15 to 20 days, and the provincial provident fund is about one month to 40 days. There is no other way, you have to wait patiently. I hope my answer can help you.