1. How long does it take for China Bank Xiangyang Branch to review the mortgage loan

Applicants apply for loans from different lending institutions, and the lending speed is different. For example, banks usually need 15 working days to review the information and qualifications of loan applicants. Plus the time for the applicant to submit the materials, the review can be completed within one month, and the loan can be issued by signing a contract with the lender.

Personal housing mortgage loan conditions:

1. Have permanent residence in cities and towns or valid residence status;

2. Have a stable occupation and income, good credit, and the ability to repay the loan principal and interest on schedule;

3. Self-raised funds with more than 2% of the total price of the purchased house are guaranteed to be used to pay the down payment of the purchased house;

4. Assets recognized by the bank are used as collateral or pledge, or units or individuals with sufficient compensatory capacity are used as guarantors to repay the loan principal and interest and bear joint and several liabilities;

5. There is a house purchase contract or agreement, and the price of the house purchased basically conforms to the appraisal value of the bank or the real estate appraisal agency entrusted by the bank;

6. Other conditions stipulated by the bank.

2. how long does it take for the branch to approve?

The mortgage loan approval time of China Bank is about 7 to 1 days. In 7 to 1 days, the Bank of China will comprehensively review the borrower's occupation, income, repayment ability, assets and other conditions.

different banks are selected, and the approval time is different at different time periods. For example, ICBC's mortgage approval time is generally 2-3 weeks, and 2-3 months is also possible when it is slow. The specific time is related to whether the submitted materials are complete and whether the bank loan amount is sufficient and the policy at that time.

iii. how long will the head office grant the line to the branch

generally, it takes 1-25 working days for the head office to grant the line to the branch for approval. When the loan amount exceeds the approval authority of the branch, the branch will submit the approval to the head office. If the loan branch approves it, whether the head office can approve it mainly depends on whether the lender meets the loan conditions. The audit results of branches and head offices are different, which is common in loans. The lender meets the loan conditions, has strong repayment ability and good credit information, and the general head office will approve it.

introduction of the bank

a bank is a financial institution established in accordance with the law to operate money and credit business, and it is the product of the development of commodity money economy to a certain stage. Banks are one of the financial institutions. Banks are divided into central banks, policy banks, commercial banks, investment banks and the World Bank according to their types, and their responsibilities are different.

The central bank, namely the People's Bank of China, is the central bank of China. A special financial institution whose responsibility is to implement monetary policy, macro-control the national economy and supervise and manage financial institutions and even the financial industry.

Policy banks include The Export-Import Bank of China, China Agricultural Development Bank and China Development Bank. A financial institution that shares or guarantees its responsibilities, engages in policy financing activities directly or indirectly in a specific business field, and acts as a tool for the government to develop the economy, promote social progress and carry out macroeconomic management, not for profit, specifically to implement and cooperate with the government's social and economic policies or intentions.

4. The mortgage sub-branch of Bank of China has been submitted for approval. How long will it take for the branch to approve it?

generally speaking, about 2 days is enough.