It usually takes about half a month to release a bank loan. First, the bank evaluates and signs the loan, which takes three to five working days, and then makes an appointment for decompression and cancellation, which takes about half a month.

When applying for a bank loan release, an individual generally needs to bring the information provided by the bank after repaying the loan, including a copy of the bank's business license, a copy of the legal person, a copy of the client, and other certificates of rights. After waiting for the documents and mortgage materials such as real estate certificate, go to the trading center to complete the cancellation procedures.

Extended information:

If the settlement is normal, as long as you deposit the money into the designated bank card as required before, the bank will automatically debit it.

If it is settled in advance, you need to contact the bank staff to help you with the deduction. Inform the other party that you want to repay the loan in advance, and deposit the remaining principal and remaining interest for the month into the designated bank card, and the bank will manually debit it for you. Some banks now allow you to perform early repayment operations on your mobile phone.

Whether it is a normal settlement or an early settlement, you need to keep the settlement certificate after settlement, and go to the real estate registration center with bank staff to unpack the house. The account manager will provide you with the specific procedures. You just need to go to the real estate registration center to complete the procedures according to the account manager's requirements.

At that time, you will be able to get the property that is not mortgaged. At this time, it is possible to buy, sell or remortgage your house.

Second-hand houses need to go through some procedures:

Step 1: Loan settlement procedures

After you have paid off the mortgage, the first thing you have to go through is the loan settlement. You need to provide proof of loan settlement for all subsequent procedures.

Step 2: Release the Mortgage Procedure

After completing the loan settlement procedures, you need to bring your ID card, loan settlement certificate and other documents to the housing management office to handle the property release procedures. , because only after completing the real estate release procedures can the property be transferred to your name, and you can truly own the house.

Go to the bank counter to print the "Loan Settlement Certificate", go to the loan center (file center) to get the real estate certificate and mortgage cancellation registration information (the front desk department of the bank can also directly help to collect it), bring your ID card and The above information must be submitted to the property rights registration department to cancel the mortgage registration. Different banks have slightly different procedures. Please consult the handling bank for details.

If the loan processed with Bank of China has been paid off, and for a housing loan with a completed real estate mortgage, after the entire loan principal and interest have been paid off, the borrower can obtain the bank's loan settlement certificate Go to the real estate transaction center in the area where the property is located with the "Proof of Other Rights to Real Estate" to handle the mortgage cancellation procedures. Please check with the staff of the handling agency for specific times.

If you are a home buyer and you are paying the seller your own money, it is best to keep evidence. In addition to writing clearly what the money is for, you must also provide evidence during the conversation. It's best to be careful and make an audio or video recording if possible. Prepare for everyone to have no trouble in the future.

When buying a house with a loan, the house buyer must sign a house mortgage-related agreement with the bank. This is to protect the bank's rights and interests. Once the house buyer cannot repay the loan normally, the bank has the right to repossess the property. After the home buyer pays off the loan, everyone must cancel the mortgage registration in time