To apply for mortgage or other loans, you need to sign a loan contract, which doesn't clearly specify when the loan must be made. There is no specific concept of this slow loan. How long is it? There is no uniform standard, so this situation appears. It is suggested to negotiate with the bank, and contact the bank's credit manager as soon as possible to explain your situation and let him make adjustments with the bank, because it is possible that the bank's quota is insufficient, but there should be some reservations, which will be given priority to high-quality customers or customers who are particularly anxious.
if negotiation fails, you can talk to the bank's leaders first, explain the current situation, and ask the bank to give a specific lending time. If it cannot be resolved, you can try to pursue the other party's liability for breach of contract with the CBRC or the court. In a word, bank lending is really slow, because there are many processes, strict risk control and low efficiency. Therefore, I suggest you ask about the approval and lending time in advance and plan ahead to avoid unnecessary troubles.
how long does the bank usually lend money?
Because the business and process of each bank are different, the review time is different. However, after the general credit loan is approved, the next payment can be made on the same day. The mortgage loan may be a little special, but the loan speed is also relatively fast, depending on the national policy and bank process. For example, mortgage loans, the time is relatively long, and even it takes one or two months to lend.
The bank has been withholding loans for the following reasons:
Due to the long review time of the bank, it sometimes takes more than one month. If there is something wrong with your credit during this period, or your debt is too high, it may lead to loan failure. The bank's loan review process is very complicated and rigorous, and it needs to be reviewed by various departments. If the middle link fails, the next payment cannot be made. Changes in the bank's internal policies have led to changes in the approval authority of this loan, and it is temporarily impossible to complete the loan.
In addition, due to the increase of the deposit reserve ratio and the limitation of the overall credit scale, some banks have run out of personal mortgage loans. That is to say, although these banks can still accept citizens' loan applications, they have no money to release before the end of the year. Although the new loan interest rate will not be implemented until January next year, some banks, especially some joint-stock banks, have already ended their personal mortgage lending this year ahead of schedule. Compared with the buyers' eagerness to wait for the funds in place, by the end of the year, the speed of the bank's personal mortgage review is also slowing down. The review process that can usually be completed in one or two weeks is now delayed to about one month or even longer.