bank loan refers to an economic behavior in which a bank lends funds to those who need funds at a certain interest rate according to national policies, and agrees on a time limit for repayment. So what is the process of applying for bank loans? Small edition with you to understand the mortgage bank approval loan process list.
What is the process of applying for bank loan?
1. Prepare relevant procedures: the procedures to be submitted for general loans mainly include: loan application, customer's ID card, account book, income certificate, marriage status certificate and other materials (for customers with spouse, the ID card and account book of spouse shall also be provided). If they are mortgage customers, they need to issue the property right certificate of collateral; If it is a customer of unsecured loan, it needs to provide a good credit record.
2. Apply to the bank: after the relevant materials are prepared, the customer can go to the bank or the law firm entrusted by the bank to check the relevant materials and pay various fees to the bank. The customer needs to sign a loan contract with the bank, and take this as the legal document restraining both parties.
3. Pre loan approval by the bank: if the loan is for house purchase, the law firm entrusted by the bank shall conduct preliminary examination on the customer's application, and if the loan is qualified, the bank shall conduct final loan approval; if the examination is unqualified, the bank will return the relevant information of the customer and explain the situation to the customer.
4. Handle other legal procedures: in addition to the contract, the customer also needs to handle some legal procedures. If it is a mortgage customer, the customer also needs to register and record the mortgage of the collateral with the relevant department for future inquiry.
5. Bank lending: after the customer's relevant procedures are completed, the bank will approve the loan or submit it to the superior for approval according to the evaluation of the borrower. Then, the staff will inform the customer of the loan quantity, loan term, loan interest rate and other relevant details, and issue the loan instruction to transfer the loan into the customer account.