You can apply for a loan immediately after paying the down payment, which means that the buyer can go to the bank to apply for a loan on the same day or the next day. When handling the loan procedures, buyers should bring the purchase contract, down payment receipt, lender's ID card, personal bank account, income certificate and other materials to the bank to submit a loan application.

The specific process of applying for a loan for buying a house

1. Submit a loan application

When you sign a house sales contract, you can apply for a commercial loan from the bank. Whether it is a first-hand mortgage or a second-hand mortgage, it is necessary to submit the complete materials approved by the bank to the bank for review, which is the most important step in the commercial loan process.

2. The bank is under investigation.

After the bank receives the application materials of the loan applicant, it will review the materials. The general review time for commercial loans is 15 working days, and the longest time shall not exceed 1 month. During the bank investigation, the loan applicant will be asked to supplement some information according to the situation. Therefore, the loan applicant needs to keep in touch with the bank during this period.

3. Bank verification and approval

The loan bank will verify several aspects: the situation of the house, the qualifications and credit of the borrower, etc. This is an important link in the process of commercial loans. If the credit of the loan applicant is not good, it will directly lead to the failure of the loan application, so it is very important to accumulate good personal credit in life.

4. Both parties shall go through relevant formalities.

The bank informed the loan applicant that after the loan was approved, it was necessary to open an account in the bank, get a debit card and sign a loan contract. At the same time, handle mortgage, guarantee, pledge, insurance and other related guarantee procedures. When signing a loan contract and handling the guarantee formalities, you must know the detailed rules in the contract in detail and make clear your rights and obligations so as to avoid unnecessary misunderstanding.

5. Banks issue loans.

After all the loan procedures are completed, the bank will transfer the loan funds to the account of the real estate developer, and the loan relationship will be established, and the lender will repay the loan according to the regulations.