General bank loans will be disbursed within one week after the loan is approved. And if it's a home loan, it depends on whether the bank's lending funds are currently tight. If funds are tight, it may take a month or even longer for the loan to be released.

After applying for a bank loan, it does not mean that the loan is successful. Ultimately it still depends on the bank’s approval results. During the approval process, bank staff will check whether the borrower's information is complete. They will ask borrowers face-to-face if they have any questions. If there are no major problems in all aspects of the materials, the bank will ask the borrower to sign the application form, but this only represents the bank's application for a loan and does not mean that the bank will grant the loan.

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How to get a bank loan?

1. Prepare relevant materials and apply to the bank. Application materials generally include loan application form, applicant's ID card, household register, marriage certificate, income certificate, property rights certificate of the mortgage, and good credit records of the applicant and guarantor, etc. After paying the relevant fees, the applicant can submit relevant materials to the bank or a law firm entrusted by the bank for inspection and sign a contract.

2. The bank will conduct pre-loan approval. After the applicant applies for a loan from the bank, the bank needs to review the customer. For qualified loan applicants, the bank will approve the loan. If unqualified, the bank will return the loan applicant's application materials and make corresponding explanations

3. Go through other legal procedures. In addition to the loan contract, loan applicants also need to go through some legal procedures. If you are a mortgage loan applicant, you also need to go to the relevant department to complete the mortgage registration and filing for future inquiries.

4. Bank loan. After the relevant procedures of the loan applicant are completed, the bank will approve the loan based on the borrower's evaluation or submit it to the superior for approval. Then, bank staff will inform the borrower of the loan amount, loan term, loan interest rate and other relevant details, and issue a loan instruction to transfer the loan to the customer's account.

What can be done to shorten loan approval time?

1. Pay attention to maintaining personal qualifications. For housing loans, banks have strict requirements on the borrower's credit reference and repayment ability. Therefore, borrowers should pay attention to maintaining personal credit and maintaining sufficient bank flow. In terms of credit reporting, not only must there be no overdue records in the current period and no overdue records within a certain period, but there must also be no bad debts and too many inquiries. In addition, the credit record should also have certain credit card or loan usage records and cannot be empty. In terms of bank flow, try to ensure that the monthly income is more than twice the sum of the monthly housing loan and other current liabilities

2. Avoid the bank quota tightening period. Every year, banks will have one or two tightening periods, especially End of the year. In times of austerity, banks are very limited in the loans they can make, so they are more stringent in loan approvals and home loan approvals slow down. Therefore, before applying for a housing loan, you must first understand the bank's loan policy and quota status, and try to avoid the tightening period of the bank's quota

3. Avoid short and long holidays when applying for a housing loan, try to avoid National Day, Spring Festival, etc. Longer holidays, as banks are generally closed on non-working days and loan approval will be suspended. Applying for a home loan before a long holiday can waste a week. Applying for a housing loan immediately after a short holiday can also lead to delays in housing loan approval.