it takes about 3 days from the delivery of the document to the successful approval (all the materials are complete and all the conditions are in line with the bank's loan process), and the bank will notify the buyers after the approval. If the loan is fast, it will take 7 days, and if it is slow, it will take about 1 month, depending on the reserves of banks for real estate mortgage.

What is the overall process of bank mortgage approval?

1. The handling agency writes the submission report.

Generally, after we go to the bank to submit the mortgage application materials, we don't go into the approval process immediately. In addition to sorting out the materials provided by you, the account manager of the bank also needs to query and print other ancillary materials (such as the information system query of the untrustworthy executor, personal detailed credit report, personal risk rating list, etc.), and then write a report for submission.

2. Review by the Credit Review Department

After receiving the materials submitted by the institution, the Credit Review Department will review them according to the relevant regulations of the bank. If there are questions or omissions, the operating institution will be asked to supplement the materials. If the materials do not meet the requirements, they will be sent back to the operating institution (generally, they will be reviewed by themselves when the institution submits them). After the review is complete, the reviewers will issue review opinions and submit them to the person in charge of the review department for review.

3. Approval

After the person in charge of the credit review department has found nothing wrong, it will be submitted to the leader in charge of the branch for approval. Normal leaders will pass it directly after seeing it, and rarely reject it. This is generally within three days.

4. Lending

After approval by the leader in charge, the review department can issue a notice of approval opinions and submit the materials to the operating institution. At this time, the account manager can apply for lending with relevant materials at the lending center.

loan conditions for buying a house

1. Have legal residence status; To apply for a policy-based personal housing loan, there should be a local permanent residence;

2. Have a stable occupation and income;

3. Have the ability to repay the loan principal and interest on schedule;

4. There are assets recognized by the lending bank for mortgage or pledge, or (and) there are guarantors who meet the specified conditions to guarantee them;

5. There is a contract or agreement for purchasing a house;

6. When applying for a loan, there is a deposit of not less than 3% of the funds needed to purchase a house in the Construction Bank. If you apply for a policy-based personal housing loan, you should deposit the housing provident fund in the Construction Bank as required;

7. Other conditions stipulated by the lending bank.