However, different banks and lending institutions will have different regulations. For example, some mortgages require repayment from the month of lending. In addition, it is necessary to sign a loan contract to handle the loan, and the bank or lending institution and the lender each hold one, so if you don't know when to start repayment, you can just look at the loan contract directly, which will indicate the repayment time and amount in detail.
Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. The simple and popular understanding is to borrow money with interest.
If the loan applied by the customer shows "in loan", it usually takes a short time to receive the loan funds, which will generally arrive within 48 hours or 72 hours according to the amount. If it is fast, the loan will be released on the same day and received on the same day. For example, small loans are expected to arrive in an hour or two. Sometimes, the loan may be delayed, such as a few days or even more than a week after approval. When the platform is short of funds and the number of borrowers is large, it is necessary to queue up for lending.
For example, applying for a mortgage at the end of the year is likely to encounter the phenomenon of "waiting for a loan". Many customers didn't receive the loan funds until after (after all, the bank had to make year-end settlement, and the funds were tight at the end of the year, and even the loan was not received two or three months after submitting the loan application).
If the customer's loan has been displayed as "loan in progress" and the loan funds have not arrived for a long time, it is recommended to call the customer service staff of the bank (lending institution and platform) to understand the situation and ask the other party to release the loan funds as soon as possible.