Approval does not mean that the loan is successful.

The success in loan approval is not surprising. Only when the final loan funds are released into the account can it truly be successful. It should be noted that after the loan is approved, the bank needs to sign a loan contract and handle related procedures such as mortgage within the agreed time before the bank can issue the loan. Although generally, the loan is approved, the customer signs the contract and the mortgage is processed, the bank usually issues the loan smoothly. However, if loan approval takes a long time, the bank may conduct a secondary review before issuing the loan to confirm whether the customer's latest credit status meets the requirements. Once problems with the customer's latest credit are found during the second review, the loan may be affected and the loan will not be approved.

If the loan is approved, it means you have met the loan terms, but it does not mean the loan has been refinanced. You'll also want to check your loan credit check before disbursing a loan. You can only borrow money if you have a good credit check. The first prerequisite for a loan is a good personal credit report. If the credit report is poor or poor, it will definitely be rejected during the loan review. Therefore, maintaining personal credit is an important prerequisite for loans.

When you get a loan, banks or financial institutions cannot check your spending power, repayment ability and credit status, and cannot make objective and reasonable judgments. Therefore, without a personal credit record, the bank cannot guarantee whether the borrower can repay the loan in full and on time. To control banks' own credit risk, they typically lend cautiously. Even if they agree to a loan, the amount won’t be ideal. The key to whether a loan is approved is that the bank depends on your ability to repay. If you have enough assets, it means you have strong spending power and repayment ability, which will naturally be easily recognized. The amount of assets determines the size of the loan to a large extent.

How long does it take to disburse the loan after the mortgage loan is approved?

When individuals apply for home mortgage loans, different banks or different housing loans have different disbursement times. Mortgage loan disbursement time is mainly divided into:

1. Housing provident fund loan disbursement is slow. Individuals apply for housing mortgage loans. Because the interest rates of individual housing provident fund loans are low, many people like to apply for this type of loan to buy a house. However, at the same time, the disbursement time of this kind of housing loan is slow, and it usually takes about 1-2 months to disburse. If it is slower, some areas will have to wait 6 months.

2. Commercial housing mortgage loan is about 1 month. Most applications for housing mortgage loans are commercial loans applied for at banks, and the disbursement time for such loans is faster than housing provident fund loans. At present, the lending time of many banks is about one month. Some banks lend money for shorter periods of time.

3. If you want the bank to release the loan faster, you can release the loan with the receipt. The loan can be released within 3 working days after the transfer. A guarantee fee of RMB 400 is required. If you apply for a loan based on other certificates, it usually takes 15 to 22 working days to get the birth certificate, and the bank will lend money 3 to 5 working days after the birth certificate is obtained.

What is the bank mortgage loan approval process?

1. The handling agency writes and submits a report for review. Generally, after we go to the bank to apply for a mortgage and submit the materials, we do not immediately enter the approval process. The bank In addition to sorting out the materials you provide, your account manager must also check and print other ancillary information (such as information system inquiries for dishonest persons subject to enforcement, personal detailed credit reports, personal risk rating sheets, etc.), and then write a review report , submit it to the reviewer for review—signature of the person in charge of the operating organization—to the credit review department of the branch.

2. Review by the Credit Review Department. After receiving the materials submitted by the institution, the Credit Review Department will review them in accordance with the relevant regulations of the bank. If there are any questions or omissions, the operating institution will be asked to supplement the materials. If they do not meet the requirements, the materials will be returned to the operating institution (generally not , when the organization submits the application, it will review it by itself first). After the review is complete, the reviewers will issue review opinions and submit them to the person in charge of the review department for review.

3. Approval.

After the review by the person in charge of the credit review department is correct, it will be submitted to the leader in charge of the branch for approval. Normal leaders will directly approve it after seeing it. It is rarely rejected. This is usually within three days.

4. After the loan is approved by the leader in charge, the review department can issue a notice of approval and submit the materials to the operating agency. At this time, the account manager can take the relevant materials to the loan center to apply for loan.