There are two kinds of new house loans in Chongqing: commercial loans and provident fund loans. The loan process is as follows:

I. Commercial loans:

1. The borrower prepares materials to apply for mortgage from the loan bank;

2. The bank conducts the audit and signs the contract after the audit is passed;

3. Handle mortgage registration and other procedures;

4. Bank loans.

Second, provident fund loans:

1. The borrower applies for provident fund loan at the bank designated by the provident fund center;

2. The undertaking bank conducts loan review and signs a loan contract after approval;

3. The undertaking bank will hand over the materials to the selling unit, and the selling unit will go to the local housing management department for mortgage registration;

4. The unit selling houses will submit the mortgage procedures to banks, banks and provident fund centers for review, and then issue loans after review.