In the case of bank mortgage loan, the bank will review the qualifications of the lender, evaluate the whole property and handle mortgage registration and other related procedures, and the overall procedure is more complicated. After all materials are prepared in advance and submitted to the bank, the bank will lend money within 15-20 working days.

Real estate mortgage loan process

1. Submit a loan application to the bank:

The content should explain the purpose, amount and term of the loan.

2. Submit loan information:

Individuals applying for mortgage loans need to provide the following information: borrower's ID card, running water in the past six months, work certificate, credit report, house property certificate, etc.

If an enterprise needs to mortgage the real estate, the materials it should provide include: business license, articles of association, capital verification report, purchase and sale contract, running water of the last six months, annual financial statements of the previous year, financial statements of the last six months, and proof of assets.

3. House evaluation:

After all the above materials are submitted, the bank will conduct on-the-spot investigation and evaluation of the mortgaged property.

4. Loan approval:

The housing appraisal company submits the appraisal report or appraisal opinion to the bank for approval.

5. Sign a loan contract:

The borrower and the lending institution shall sign and seal the loan contract and all relevant documents, which shall be notarized by a notary.

6. Mortgage registration procedures:

The bank shall go through the mortgage registration formalities at the Real Estate Bureau with the house ownership certificate and notarized loan contract.

7. Bank loans:

Due to the different regulations of banks, loans will be made to the accounts of cooperative merchants in the form of cash, punch card or remittance.