Under normal circumstances, banks will send text messages or phone calls to inform buyers after mortgage lending. The time when the buyer receives the mortgage payment is the repayment date. Repayment usually begins in the month after the loan is made, that is to say, after the loan is made, repayment will begin next month, and the repayment date is the loan date of the mortgage.
As for when the bank mortgage will be released, there is no fixed time. Generally speaking, the lending time of housing provident fund loans is the slowest. In general, it takes 1-2 months for a bank to complete a loan. In some areas, because of special policies, buyers may have to wait for about 3 months.
If the buyer applies for a pure commercial loan, it will take the bank about 1 month to complete the loan. Although the lending speed of pure commercial loans will be faster than provident fund loans, the loan interest rate of pure commercial loans is generally higher than provident fund loans. So most users will still give priority to provident fund loans.
Finally, we need to remind everyone that due to the uncertainty of bank lending time, the final repayment date may be different from the mortgage contract signed by the buyers. At this time, the bank may automatically adjust the repayment date in the contract according to the repayment date. If there are buyers in special circumstances, be sure to communicate with the bank in time.
What should I pay attention to when repaying the loan in advance?
1. Make an appointment in advance: after applying for a mortgage, buyers need to make an appointment in advance if they want to repay the loan in advance. During the loan period and one year after the loan is issued, they can apply in writing to repay part or all of the loan in advance with the consent of the bank. General banks need 2-7 working days to handle this business. Banks have different regulations on early repayment, so lenders must understand the operation process of loan banks before deciding to repay loans in advance.
2. Remember to surrender after repaying the loan in advance: When applying for a mortgage, buyers use their own houses as collateral, so they need to surrender their houses after repaying the loan in advance, which many people will forget. After the lender settles all the final payment in advance, the bank will issue a settlement certificate. Don't think there is nothing wrong with paying back the money. Property buyers also need to carry the original loan settlement certificate issued by the bank, the original insurance policy and the original invoice for mortgage procedures in order to get the real estate license mortgaged in the bank. You can consult the loan bank for details.
3. Not suitable for early repayment: Although early repayment can make buyers debt-free, not everyone is suitable for early repayment. Before preparing for prepayment, buyers need to know clearly that friends who have enjoyed lower preferential interest rates when handling loan procedures are not suitable for prepayment. It is more cost-effective to have idle funds in hand to do some financial management.
4. Pay attention to the change of monthly payment: friends who borrow money to buy a house should not think about depositing a fixed repayment amount on time every month. This idea is incorrect, because you need to pay attention to whether the benchmark interest rate of the bank has changed. Once the bank's benchmark interest rate changes, your monthly payment will also change. So sometimes the monthly supply may increase. If you don't pay in advance, it will be judged as overdue, which will have a great impact on your credit.