Usually, Shanghai loan approval results will be available in about 15 days. Of course, if the policy happens to change, the time may be extended to one month or even longer. In addition, if bank funds are tight, loan approval will have to be queued and the time will be extended.

How to get a loan to buy a house

1. Select a house: This is a preparation work. You can get information from the Internet, friends or real estate online, and choose a house that meets your conditions. .

2. The applicant goes to the bank to fill in the "Personal Housing Loan Application Form".

3. The bank will review the lender's loan application and other materials, and if qualified, will present a loan commitment letter and sign a mortgage contract with the borrower.

4. The lender applies for house mortgage insurance and takes the house purchase contract to the insurance institution designated by the lending bank to handle relevant procedures.

5. The lender brings the house purchase contract, mortgage contract, mortgage collection contract and reimbursement form, and goes to the bank with the guarantor to sign the "Personal Housing Mortgage Contract", and goes to the real estate management department within 1 month to handle it Mortgage registration.

6. The lending bank transfers the loan amount to the developer’s bank account.

What materials are needed for a house loan

1. House loan application form.

2. Copy of ID card.

3. Proof of income or other proof of solvency recognized by the lending bank.

4. House purchase contract, agreement and related approval documents.

5. Documents proving the mortgage and ownership, and a house valuation report issued by an appraisal agency recognized by the lending bank.

6. The guarantor agrees to the guarantee letter and credit certificate.

7. Bank deposit documents, treasury bond documents and other securities pledged by the borrower to the bank.

8. House sales license or real estate property certificate.

9. If a husband and wife apply for a loan at the same time, the application form must also fill in the relevant information of the spouse and present the marriage certificate and household registration book.

10. Other documents and information required by the bank.