Because basically the repayment plan will stipulate that the repayment will start from the month after the loan is approved, and then it will be repaid once a month until it is fully paid off.
However, different banks and lending institutions will have different regulations. For example, some mortgages require repayment from the month of lending.
In addition, it is necessary to sign a loan contract to handle the loan, and the bank or lending institution and the lender each hold one, so if you don't know when to start repayment, look at the loan contract.
To handle the renovation loan of CCB, it is necessary to meet certain conditions and follow the process. It is reported that the renovation loan process of CCB generally includes five stages: application, acceptance, investigation, approval, issuance and repayment.
Loan process:
1. When the borrower applies for a personal housing renovation loan from China Construction Bank, he must apply at the business outlet where he has started business, fill in the application form, submit relevant materials and go through relevant guarantee procedures;
2. Sign the loan contract after the account manager has approved it and submitted it to the examination and approval department for approval;
3. The account manager handles the loan procedures and transfers the money to the borrower's personal settlement account in our bank, so that the customer can use the loan funds;
4. Sign a decoration agreement with the decoration enterprise and pay the decoration expenses.
5. The borrower shall repay the loan on time in the prescribed way.
Loan materials:
1. Original and photocopy of legal identity documents (resident identity card, household registration book or other valid residence documents);
2. Housing ownership certificate or housing use certificate with the borrower's name;
3 proof of economic income issued by the unit;
4, housing renovation project construction contract;
5. If it is a mortgage loan, it is required to have the property right certificate of the collateral, the list of pledged property, the certificate that the authorized disposition agrees to mortgage or pledge, and the collateral evaluation report;
Ordinary borrowers need to apply and submit materials first, and then the bank will accept and review them, and the loans can only be issued after the approval. The materials that the borrower needs to submit include identity certificate, real estate certificate, economic income certificate, decoration construction contract, etc.