Many people want to buy a house, and the funds are not enough to buy the full amount. They can only borrow money to buy a house. Buying a house with a loan also takes a process, not overnight. Banks also need to conduct comprehensive qualification examination and approval of borrowers for a certain period of time before giving the examination and approval results. How long does it take to approve bank housing loans? Not more than this time!
How long does it take to approve bank housing loans?
Under normal circumstances, the approval period of bank loans is within 15 days. However, if affected by the national housing policy, the time may be extended to 1 month. After the bank's approval period, the bank will sign a loan contract, handle the mortgage and other formalities, and then wait for the loan.
It takes 15 working days for individuals to apply for provident fund loans, and 10 working days for loan approval and mortgage; Generally, portfolio loans range from 15 working days to 1 month; The approval time of general commercial loans is about 5-7 working days after face-to-face signing, and all documents are complete.
To apply for a housing loan from a bank, we (the lender) need to submit relevant loan application materials to the bank. From the date we receive the loan application and supporting materials from the bank, the bank should give the borrower a formal reply within three weeks.
If the information submitted by us is approved, the bank will issue housing loans to borrowers according to the relevant provisions of the General Rules for Loans. It can be seen that if our information is complete, we can approve the housing loan in 2 1 day and apply for the housing loan.
If the bank's regulations change, buyers should negotiate with developers to return a house. If negotiation fails and there is no agreement in the contract, the buyer can prove that he is not at fault and is really unable to buy a house, and ask the developer to return the down payment and deposit.
The above is the related content sharing of "How long is the approval time for bank housing loans?" I hope it will help everyone!
I would like to ask how long it will take to approve the mortgage.
It usually takes about 30 days.
Different banks have different regulations and approval processes, so the lending speed will be different. The specific circumstances require the lender to implement in accordance with the relevant regulations of the bank.
Under normal circumstances, it usually takes a borrower half a month to apply for a loan when the relevant loan conditions are met and the procedures are complete. However, because it is more troublesome to handle loans, such as mortgages, and the property needs to be mortgaged to the bank, it is normal to handle it in one month.
Personal income certificate, according to your current situation, the bank staff will call your unit to verify, usually within one week of submitting all the information.
Generally speaking, the bank will confirm your income certificate within one week after you submit it. Generally, if you arrange it, the bank will not keep asking questions, and it will easily pass. Moreover, if you provide more proof of other assets or deposit some money in the bank.
Extended data
Personal housing portfolio loan refers to a loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc.
Loan amount: 80% of the value of the loanable property after being audited by the bank.
Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan.
Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old.
Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times.