For friends who want to buy a house, the issue of loan credit is very important. I believe everyone has had the experience of using a credit card, so as long as the credit card is used normally and repaid on time, it will not have any impact on the home loan. However, if the borrower becomes overdue during the use of the credit card, it will affect the borrower's credit score. Individuals with poor credit score information will not be able to apply for a home loan.
Bank loan approval process
1. Contact. Either the customer proposes to the bank, or the account manager takes the initiative to come to the door. In short, the first step is for the customer to make preliminary contact with the bank to indicate their financing needs.
2. Pre-loan investigation. After contact, the bank will start a pre-loan investigation and collect relevant information, including basic information about the customer, basic information about affiliated companies, basic project information, development prospects, policy or industry environment, information about the intended guarantor or property, etc.
3. Plan negotiation. Some of this step is done during the initial contact, and some are carried out together with the pre-loan investigation. In short, the bank and the customer negotiate on the credit amount, type, term, price, guarantee method, etc. Once an agreement is reached, the account manager begins to write an investigation report, and some businesses also need to write a project analysis report.
4. Loan review. After discussing the plan and writing the investigation report, all business information will be handed over to the risk control department for review. At this stage, the risk control department will review the project, determine the size of the risk, the amount of profit, and draw a preliminary review conclusion: agree, disagree, or need to change the amount, interest rate, guarantee method, etc.
5. Loan review meeting (optional): For some projects that are relatively large, or have special business, or have special management requirements, a loan review meeting will be held for collective review. Participants in the loan review meeting include, in addition to the leaders, the account managers and branch heads who reported the project, as well as people from the risk department, compliance department, accounting and finance department, customer department and other departments. In short, it is three sessions and expert consultation.
6. Loan approval: After the risk control review (review by the loan review committee) is passed, the business needs to be submitted to the authorized person (usually the president or authorized deputy president, some banks have independent approvers) for approval . Generally speaking, the authorized person has a veto power, that is, the authorized person may not approve the business that has been approved, but this rarely happens.
7. Sign the contract and go through the procedures: After the approval is passed, the customer and the bank sign the relevant contract, complete the mortgage and other procedures, and then you can wait for the loan.
8. Loan review: Unfortunately, you don’t get the money just after signing the contract. You also need to go through the loan review. This mainly depends on whether the previous approval requirements have been implemented and whether the contract has been completed. The signature is completed, the procedures are complete, the loan disbursement method, the payment object is in compliance with the regulations, etc.
9. Post-loan management: After the money is released, the account manager should keep an eye on it from time to time to see if the company is operating normally, whether the project is progressing smoothly, whether the collateral is intact, etc., and to urge the company to perform certain tasks. Approval requirements for post-loan implementation. At the same time, risk control personnel will also supervise the safety of loans through various off-site monitoring systems and various data.
10. Recovery: The loan matured, the principal and interest were recovered on time, a business was successfully concluded, and everyone breathed a sigh of relief.
Finally, the editor still wants to remind everyone that credit is very important nowadays, whether it is a loan or banking business. Remember not to do anything that damages your credibility.