It takes about 20 working days to mortgage a loan to a bank:

1, 4 working days for loan investigation.

2, the loan review and approval for 5 working days.

3. The loan contract shall be signed within 2 working days.

4. Mortgage registration takes 7 working days.

5. Lend money within 2 working days after mortgage registration.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.

Bank mortgage loan process

Submit loan application, loan information, house inspection and evaluation, loan approval, loan contract signing, mortgage registration and bank loan. The general procedures for banks to apply for housing mortgage loans are as follows:

1. Submit a loan application to the bank: the content should explain the purpose, amount and term of the loan.

2. Submit loan information: If an individual applies for a house mortgage loan, he/she needs to provide the following information: the 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. Housing evaluation: After all the above materials are handed in, the bank will conduct on-the-spot investigation and evaluation of the mortgaged property.

4. Loan approval: The housing appraisal company submits the appraisal report or opinion to the bank for approval.

5. Signing a loan contract: The borrower signs a loan contract with the lending institution, and all relevant documents, signatures and handprints are notarized by a notary.

6. Mortgage registration procedures: The bank shall go through the mortgage registration procedures at the real estate office with the house ownership certificate and notarized loan contract.

7. Bank lending: Due to different bank regulations, loans will be made to the cooperative merchant's account in the form of cash, punch card or remittance.

Third, the advantages and disadvantages of housing mortgage loans

Advantages:

1, the interest rate is relatively low. Because of the existence of collateral, the interest rate of housing mortgage loan is relatively low, generally, the benchmark interest rate rises 10%-30%. Compared with unsecured loans, this has obvious advantages.

2. The loan term is long, the longest loan term is 30 years, but the sum of the borrower's age and the loan term shall not exceed 70 years.

3. The loan amount is high. The loan amount is usually 50%-70% of the appraised value of the house, and the maximum ceiling is 6,543,800 yuan. Specifically, the mortgage rate of commercial housing can reach up to 70%; The mortgage rate of office buildings and shops can reach up to 60%; The mortgage rate of industrial plants can reach up to 50%. It can basically meet the borrower's demand for the use of funds.

4. The approval rate is relatively high. Mortgaging the house to the bank will definitely reduce the loan risk, so other requirements will be more relaxed. As long as the borrower has a stable job and a good reputation, he can get a loan. Usually, banks have no higher requirements for the borrower's income level and salary payment form.

You can use someone else's house as collateral. Even if there is no real estate under the borrower's name, if the borrower has the repayment ability, he can also use the real estate under the name of relatives or friends as collateral, provided that the mortgagor issues a statement agreeing to mortgage and the mortgagor is under 65 years old.

6. The repayment method is flexible. Unlike unsecured loans, borrowers have a wider choice of repayment methods. Generally, there are one-time principal and interest repayment methods (especially loans with a term of one year or less), average capital method and equal principal and interest method.

7. Mortgage and recycling. Many banks have introduced one-time mortgage and revolving loan. Take China Bank's personal revolving mortgage loan as an example, the user only needs to go through the mortgage formalities once, so that the borrower can be supported to revolve the loan within the credit line and pay it back with the loan. Similar products of other banks are similar.

8. The borrower can repay the loan in advance. Before the loan expires, the borrower may settle part or all of the loan in advance. However, according to the loan contract, an application must be made to the bank in advance, and the bank will repay the loan at the designated accounting counter after passing the examination. After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.

Disadvantages:

First of all, not all houses can be mortgaged. Considering the realization of houses, banks usually stipulate that the service life of mortgaged houses is about 25 years and the housing area is more than 50 square meters. In addition, banks do not accept affordable housing, houses with small property rights that have not been purchased for five years, houses that cannot provide purchase contracts, houses with outstanding loans, agreed public houses, delivery houses that cannot provide listing certificates of delivery houses, leased factories, office buildings, etc.

Secondly, housing appraisal requires the borrower to pay a certain appraisal fee.

Finally, the collateral is at risk of being confiscated. When the borrower wants to repay, but is unable to repay, it is bound to face the risk of confiscation of collateral.

Legal basis:

People's Republic of China (PRC) Civil Code

Article 402 Where the property specified in Items 1 to 3 of the first paragraph of Article 395 of this Law or the building under construction specified in Item 5 is mortgaged, the mortgage registration shall be handled. The mortgage is established at the time of registration.