It is understood that bank loans are generally difficult at the end of the year. At the end of each year, banks will start year-end settlement, and banks will be busy taking orders and temporarily slow down the progress of loans. So buying a house at the end of the year may lead to lending after the year.

How long does it usually take for a mortgage to be approved?

At present, the bank has no clear regulations on the time limit for mortgage approval. Sometimes, it may take about 1 month for mortgage approval to produce results or even lend money; Sometimes it may take 3-4 months or even half a year to get the results, mainly because there are many factors that affect the approval of mortgage loans. This also means that borrowers can take targeted measures to shorten the approval time of bank loans.

What is the overall process of bank mortgage approval?

1. The handling agency shall prepare and submit the report.

Generally, we don't go to the bank to apply for a mortgage immediately after entering the approval process. In addition to sorting out the materials provided by you, the account manager of the bank also needs to inquire and print other auxiliary materials (such as the information system inquiry of the person who has lost his trust, personal detailed credit report, personal risk rating list, etc.). ), and then write a report for approval and submit it to the auditor for approval-the signature of the person in charge of the business institution-the credit review department of the branch.

2. Review by the credit review department

After receiving the materials submitted by the institution, the credit review department will review them in accordance with the relevant regulations of the bank. In case of doubt or omission, the operating agency will be required to supplement the materials. If it does not meet the requirements, the materials will be returned to the operating organization (generally, it will be reviewed by the organization itself when it is submitted). After the review is completed, the reviewers will issue review opinions and submit them to the person in charge of the review department for review.

Step 3 agree

The person in charge of the credit review department shall submit it to the leaders in charge of the branch for examination and approval. Normal leaders will pass it directly after seeing it, and rarely refuse it, usually within three days.

4. Loans

After examination and approval by the leaders in charge, the examination and approval department may issue a notice of examination and approval opinions, and submit the materials to the business organization. At this time, the account manager can take the relevant materials to the lending center to apply for lending.