How long is the loan valid after approval?
Different types of business will be different, in principle, it can not exceed 3 months, and some businesses need to complete all procedures within one month. Specific business types can be consulted with the handling personnel.
The validity period of mortgage is generally one month or half a month, but different financial institutions may have different deadlines. If you miss the deadline, you need to go to a financial institution for re-approval, and the re-approval may not be passed. Therefore, within the validity period, it is best to make a down payment or full payment, and borrow money to buy a house.
Mortgage also needs to be cautious. Before you take out a loan, you should judge whether your future income can afford the loan you need to repay every month. However, no matter how long the validity period of loan approval is, as long as there is no big change in your credit information, assets and running water in the short term, you can generally continue to apply even after the validity period of approval.
In addition, we need to remind everyone that there may be cases of refusal to lend after the bank has approved it. After the bank loan is approved, the user needs to sign a loan contract with the bank, and then the bank will arrange the loan. Therefore, if the user does not sign a loan contract with the bank after approval, the bank will not lend money.
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