1. Positive answer

It usually takes about 1 month from approval to disbursement of a second-hand housing loan.

2. Specific analysis

1. The borrower needs to submit a loan application, and both the buyer and the seller need to sign a house sales contract, which takes a day.

2. After receiving the loan application, the bank needs to verify the relevant information submitted by the borrower, and also needs to make an appointment with a cooperative real estate appraisal agency to evaluate the value of the house.

It takes a day.

3. The real estate appraisal agency takes 3-5 working days to give an appraisal report of the house, including the value of the house.

4. It will take 5-7 working days to enter the formal loan approval process.

5. After the loan is approved, the borrower needs to go to the bank to sign the loan contract and real estate mortgage contract. The procedures such as interview and signing can be completed in one day.

6. The borrower will then need to register the house mortgage, which will take about 7 working days.

7. Bank loans will usually be completed within 5-7 days.

Total calculation, if there are no accidents during the period, it will take one month to complete the disbursement of the second-hand housing loan.

If there are errors in the borrower’s information, insufficient liquidity, damage to the house and other circumstances, the loan time will continue to be delayed.

If the bank loan limit is insufficient and the loan time is to be determined, it is possible to wait for more than three months before the loan can be released.

Before applying for a loan, you can go to: Beijian Quick Check to check your credit status. If your credit is not good, wait until the credit risk score is not high and there are almost no stains. If you apply again later, it will be easier to pass.

3. What are the precautions for second-hand housing loans?

You need to pay attention to the following matters when applying for second-hand housing loans.

1. Shendai Bank

When applying for a second-hand housing loan, you must pay special attention when choosing Shendai Bank.

Not only must the loan term be taken into consideration, but also the number of bank branches and convenience in repayment must be considered.

Some joint-stock commercial banks may impose more restrictions on second-hand housing loans.

It is recommended that borrowers learn more about several banks when choosing Shendai Bank, and finally choose the one that suits them best.

2. Repayment method

At present, the most important repayment methods of major banks are equal principal and interest repayment method and equal principal.

The equal principal amount is to divide the loan principal evenly according to the total number of months of repayment, plus the interest on the remaining principal from the previous period, thus forming the monthly repayment amount.

Loan interest rates will vary depending on the repayment method.

When borrowers choose a loan application method, it is best to evaluate their current income ability and future economic situation.

If possible, it is best to keep the monthly payment at less than half of your monthly income.

3. Pay attention to the property rights of the house

Banks have strict regulations on the age of second-hand houses. If the house is too old, the loan application is likely to be rejected by the bank.

Some banks require that the combined age of second-hand houses and the loan period cannot exceed 30 years, and some directly stipulate that the age of second-hand houses cannot exceed 15 years.