Legal analysis: After the loan is approved, you can go through the transfer procedures. Buyers and sellers need to go to the Housing Authority for transfer. At this time, the buyer will transfer the ownership after paying the transfer fee. The bank loan will be automatically deposited into your account within three to five working days after the account is closed. The buyer's real estate license is estimated to take about a month to get.

Legal basis: People's Republic of China (PRC) City Real Estate Management Law.

Article 36 When transferring or mortgaging real estate, the parties concerned shall register the ownership in accordance with the provisions of Chapter V of this Law.

Article 62 When a real estate is mortgaged, it shall be registered with the department specified by the local people's government at or above the county level. Where the land use right and house ownership are obtained due to the disposal of mortgaged real estate, the transfer registration shall be handled in accordance with the provisions of this chapter.