After the mortgage is approved, the bank will repay the loan on the repayment date of next month. It takes a long time to approve the mortgage, which generally takes 15 working days, because it generally involves examination, evaluation, mortgage registration, contract signing and other links, and a large number of paper materials need to be submitted to handle the loan. If the information is insufficient, it needs to be supplemented.

Mortgage approval process

1. The loan applicant shall provide the payment application form and loan materials.

You need to prepare loan materials and loan application forms before applying for a mortgage. If you don't know what loan materials need to be prepared, you can consult the bank when you go to the bank to get the loan application form. Usually, the loan materials need proof of marital status, ID card, household registration book, income certificate, bank account and proof of spouse's identity. (It is best to consult by yourself, subject to the bank's reply)

2. Account Manager Input System

After the loan applicant provides the loan application form and loan materials to the bank account manager, the bank account manager needs to make a preliminary review of your materials to see if the materials you have prepared are complete. If they are not complete, they will ask you to be ready before applying.

Then, they will determine the repayment method and loan interest rate with you, and sign a power of attorney with you. Then, they will know your credit status through your personal credit report. Usually, if the personal credit information is seriously bad, they will directly refuse your loan, while those with slight overdue records will decide whether to give you access according to the loan situation of each bank.

After the account manager has passed the preliminary examination, they need to input your information into the system, scan and upload it. It may take a long time for them to enter your information into the system, because each account manager can't have only one customer, and each account manager may have to face dozens of customers at the same time.

After your credit materials are entered into the system, they will submit your credit materials from the system to the leaders for review.

3. Review by the Credit Department

After the account manager submits your materials from the system to the leader for review, your materials will enter the credit review department. At this time, the credit department will not conduct a detailed review of your personal qualifications. But they usually pay attention to whether your personal credit record is good or not and whether the documents submitted are complete.

4. Approver's approval

There will be a group of people in the bank who specialize in approving mortgages. They will duplicate the work of the censor. If they don't find any problems during the re-inspection, then your mortgage is basically approved.

5. Bank loans

After the approval, the account manager will inform you to go to the bank for face-to-face signing and handle other mortgage procedures. Then, you can go home and wait for the loan, and then you need to start paying the mortgage every month.