This is called the approval opinion form in the bank and the bank approval letter in the industry, which means that the bank approved the customer's request through approval and allowed to accept the customer's application. According to the current industry practice, there is generally more than 95% possibility of lending after the approval letter is issued, so many people also regard the approval letter as a bank's permission to lend money.
After the loan is approved, the bank will give you a loan approval letter with a valid period. If you don't give the loan approval letter, you can go to the bank to ask for it. The loan approval letter from Beijing General Bank is valid for 45 days. If the transaction fails, it will not affect future loans.
Extended data
The house purchase loan is approved by the bank:
Different loan methods will lead to different loan approval time.
1. Commercial loan: 7- 10 working days after face-to-face signing.
2. State-managed provident fund loan: after accepting the loan application, the loan handling bank will inform the loan applicant of the audit results within 5 working days;
3. State-managed portfolio loan: After accepting the portfolio loan application, notify the loan applicant of the audit result within 15 working days.
4. City Provident Fund Loan: The information is complete, and the time for Beijing Housing Provident Fund Management Center to handle relevant procedures is 15 working days.
5. Municipal portfolio loan: In the municipal portfolio loan, it takes 5-7 working days to approve the provident fund part and 10 working days to approve the commercial loan part.
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