Mortgage approval process
0 1. The loan applicant shall provide the payment application form and loan materials.
Before applying for a mortgage, you need to prepare loan materials and loan application forms. If you don't know what loan materials need to be prepared, you can consult a professional real estate agency or the bank when you get the loan application form from the bank.
The procedures to be submitted for general loans mainly include: loan application, customer ID card, household registration book, income certificate, marital status certificate and other materials (for customers with spouses, spouse ID card and household registration book are also required). If the customer is a mortgage loan, the property certificate of the collateral needs to be issued; If you are a customer with unsecured loans, you need to provide a good credit record.
02. Account Manager Input System
(1) After the loan applicant provides the loan application form and loan materials to the bank account manager, the bank account manager needs to make a preliminary review of your materials to see if the materials you have prepared are complete. If they are incomplete, they will ask you to apply again when you are ready.
(2) Subsequently, the bank will determine the repayment method and loan interest rate with you, and sign a credit authorization letter with you. Then, they will know your credit status through your personal credit report. Under normal circumstances, those with serious bad personal credit information will directly refuse your loan, while those with slight overdue records will decide whether to give you access according to the loan situation of various banks.
(3) After the account manager has passed the preliminary examination, the bank will input your information into the system, scan and upload it. This period of time may be very long, because each account manager can't have only one customer, and each account manager may have to face dozens of customers at the same time. After the loan materials are entered into the system, the credit loan materials will be submitted from the system for review.
03. Review by the Credit Department
After the credit loan materials are reviewed, your materials will enter the credit review department. The credit information department will not review your personal qualifications in detail, but focus on understanding your personal credit record and whether the documents submitted are complete.
04. Approval by the approver
There will be a group of people in the bank who specialize in approving mortgages. They will duplicate the work of the censor. If you find any problems during the re-inspection, then your mortgage has basically been determined.
05. Bank loans
After the approval, the account manager will inform you to go to the bank for face-to-face signing and handle other mortgage procedures. Then, you can go home and wait for the loan, and then you need to start paying the mortgage every month.