How long does it take for the bank mortgage prepayment application to be approved?
Early repayment of mortgage 15 to 30 days can be approved. Because under normal circumstances, the borrower needs to make an appointment in advance 15 working days to repay the mortgage in advance, and then formally submit the application. It takes about 15-30 days for the bank to approve the loan repayment in advance after receiving the user's application. Different banks may have different approval time, which is subject to the provisions of the loan bank.
What are the prepayment processes?
1. To repay the mortgage in advance, we should first pay attention to the requirements of early repayment in the loan contract, and pay attention to whether it is necessary to pay a certain penalty for early repayment (at present, ordinary banks do not charge it). If the contract indicates that liquidated damages are required, we should see clearly how much to charge and prepare the liquidated damages;
2. Call the loan bank in advance to inquire about the application time and minimum repayment amount of the loan and other materials that need to be prepared;
3. According to the requirements of the bank, personally apply to the relevant departments for early repayment. General banks will require customers to fill in an application form for prepayment;
4. Bring relevant certificates to the borrowing bank, go through the formalities related to prepayment, submit the Application Form for prepayment, and deposit the prepayment in the counter.