Under normal circumstances, after submitting a mortgage application, it will generally be approved within one to two weeks, and then the approval result will be issued to inform the customer in time whether it is approved or not.
Customers who receive the approval notice can sign loan contracts and go through mortgage and other related procedures at the outlets within the agreed time, which takes about three to five days.
After the mortgage is approved, it enters the lending process, which usually takes one to two months. Therefore, it usually takes two or three months from the application to the receipt of loan funds.
If you have waited too long but have not received the notice from the bank about the mortgage, the customer can also contact the bank to inquire about the specific progress of the mortgage. If the information provided is not comprehensive enough for the bank to recognize, it can also supplement and improve the information.
How long can the mortgage be approved?
If you need a mortgage to buy a new house and the property has been pre-sold, you can apply to the bank. If there is no problem, the bank will reply to the personal loan application within 3 days, request to submit relevant materials, sign relevant loan contracts and other bank documents and vouchers.
After receiving all the information, the bank submits it internally for examination and approval, and then goes through the mortgage registration formalities at the housing management trading office. It will take about 10 working days. The bank will release the loan within 3 working days after issuing other warrants or real estate registration certificates.
If buying a house is to apply for a commercial loan, it usually takes about 2 weeks from the time the lender submits the materials to the time of lending. If it is a provident fund loan, the processing progress will be slow, and it may take 1-2 months or even longer.
In another case, if you haven't heard from your personal housing loan for nearly 3 months, you must consult the loan bank you applied for at this time. If the loan is approved, wait for the loan.
If you fail to pass the examination, you need to ask what specific problems have arisen, such as personal credit information, monthly salary flow, housing qualifications, etc. These are all factors that may affect the application for personal housing loans.