Of course. After the down payment is paid, the bank will usually handle the loan within one week. The time for handling bank loans is stipulated in the house purchase contract. If there is no agreement, it can be dealt with later or negotiated with the developer.

After signing the sales contract, it is common sense to go through the loan formalities within ten working days. However, we can negotiate with the developer to postpone the loan examination and approval procedures so as to pay the bank loan in the future, but we must obtain the consent and understanding of the developer, otherwise the developer has the right to investigate the liability for breach of contract and the late payment fee.

Extended data:

Loan process

biographical notes

Borrower's application → pre-loan investigation → examination and approval → signing loan contract → handling insurance, notarization, guarantee and other procedures → issuing loan → filing data → post-loan management → repaying loan → paying off mortgage.

If buyers want to get mortgage services, they should focus on this aspect when choosing real estate. When buyers learn that some projects can apply for mortgage loans in advertisements or through the introduction of sales staff, they should further confirm whether the real estate developed and built by developers has won the support of banks to ensure the smooth acquisition of mortgage loans.