Generally, if the mortgage fails, there will be a notice within three days to inform that the application has not been passed. If the loan is normal, the longest time will not exceed 1 month. The loan approval process is different in different regions and different banks, and the specific situation will be subject to the local actual situation.

There are many reasons for mortgage failure, such as:

1. The applicant's current arrears have not been paid off;

2. The applicant's personal credit record is bad;

3. The repayment ability of the applicant can not meet the requirements of the bank;

4. Upon verification by the bank, the applicant has no repayment ability.

How long will the mortgage be approved?

Generally speaking, after the contract with complete information is signed, the approval period is about 10 days, then it takes about 1 week to register the mortgage, and finally it takes about one week to lend money.

Loan preparation materials: Lender's (husband and wife's) ID card, household registration book, marriage certificate, income certificate, bank account number, property right certificate and land certificate. If there is no problem with the lender's (husband and wife's) credit information, the bank will accept the loan.

After the information is submitted to the bank, the bank's risk control will call back, usually the company's landline or personal phone.

Approval is usually completed within 3 working days after telephone call back. After the approval, the bank will call you and tell you when to go to the Housing Authority for mortgage registration. After the mortgage is completed, the bank will issue the loan to your receipt card within 2 working days.

Lending: After the mortgage/pledge contract or guarantee contract comes into effect, Bank of China will transfer the loan to the special account of the developer (seller) or individual designated by you in one lump sum or several times according to the loan contract, which will be supervised and used by Bank of China.