The loan time varies with different loan methods. General commercial loans can be released about 15 days after the same loan is issued, and the lending speed will be faster. Provident fund loans, loans can be released about 3 months after the loan book comes down; Portfolio loan is about 3 months after the same loan comes down; Provident fund loans and portfolio loans are all about 3 months. A loan agreement refers to an agreement to apply for a loan. After the loan agreement of the general bank comes down, the loan will be faster.
What is the mortgage process of real estate license?
The general procedures for applying for mortgage loans from banks are as follows:
1. Submit a loan application to the bank.
The content should explain the purpose, amount and term of the loan. If the loan application meets the bank loan category, then the relevant materials need to be prepared next.
2. Submit loan information
Individuals applying for mortgage loans need to provide the following information: borrower's ID card, running water in the past six months, work certificate, credit report, house property certificate, etc. If an enterprise needs to mortgage the real estate, the materials it should provide include: business license, articles of association, capital verification report, purchase and sale contract, running water of the last six months, annual financial statements of the previous year, financial statements of the last six months, and proof of assets.
3. House evaluation
After all the above materials are submitted, the bank will conduct on-the-spot investigation and evaluation of the mortgaged property. This is an important part of the mortgage loan process, which will directly determine the loan amount of the mortgaged property.
Step 4 apply for a loan
The housing appraisal company submits the appraisal report or appraisal opinion to the bank for approval.
5. Sign a loan contract
The borrower and the lending institution shall sign and seal the loan contract and all relevant documents, which shall be notarized by a notary.
6. Mortgage registration procedures
The bank shall go through the mortgage registration formalities at the real estate office with the house ownership certificate and notarized loan contract.
7. Bank loans
Due to the different regulations of banks, loans will be made to the accounts of cooperative merchants in the form of cash, punch card or remittance.