Now it's quite common to buy a house with loans. For many people who are in financial stress, it's a lot easier to buy a house if they can go through the purchase procedures with mortgage loans. However, loans need to follow the prescribed process, so how long does it take to buy a house loan process? How long can buy a house loan be approved? Don't worry, let's take a look.
How long can buy a house loan be approved?
1. If you need to apply for a mortgage to buy a new house, and if you have already applied for a pre-sale certificate, the bank will ask the people's Bank of China for your credit records. If there is no problem, you will reply to your personal loan application within 3 days, and you will be required to submit the relevant copies of certificates, income certificates, down payment documents and other information as required, and sign the relevant loan contract at the same time And other bank documents and documents.
2. After collecting all the information, the bank conducts internal approval, and then goes to the housing management transaction to go through the mortgage registration procedures, which takes about 10 working days. After the transaction issues other warrants (the city implementing real estate registration issues the real estate registration certificate), the bank will lend within 3 working days.
3. If you are applying for a commercial loan to buy a house, it usually takes about 2 weeks to 1 month from the time the lender submits the information to the time the loan is granted. If it is a provident fund loan, because it involves provident fund and banks, the process will be slower, and it may take 1-2 months or even longer.
The above article is a small series to introduce to you about the purchase loan procedures and how long the purchase loan can be approved down the relevant information, I hope to be able to help you. When you apply for house purchase loans, you must not exceed the family's economic ability. If the amount of loans is too large, the monthly repayment will be more, which will affect the quality of life later.
What is the procedure of house purchase loan?
1. Choose a loan institution: the first step in handling real estate loans is to choose a good loan institution. Although the bank's loan interest rate is low, safe and reliable, its approval speed and loan requirements have always been a tough injury. Although the interest rate of private lending is high, the audit requirements are low and the processing speed is fast. Choosing a suitable loan institution is a crucial step in the whole loan process.
2. Write application materials: after selecting the organization, you can bring the materials required by the application organization to submit the application.
3. Preliminary audit: we have nothing to do at this stage. The loan will make a preliminary audit on the basic materials we handed in before, and the audit will meet their requirements.
4. Evaluation: General lending institutions, especially banks, require to evaluate with designated or recognized evaluation institutions. Evaluation fees will be charged when evaluating. The fees are not necessarily the same in different countries, and the charging standards are different in different regions.
5. Approval of loan signing contract: the loan institution will review the materials and evaluation report submitted before, and the approved loan institution will communicate with you about the loan amount, interest rate, term, repayment method, etc. After good communication, you can sign the contract.
6. Mortgage registration and loan.