Lending Basis: After the borrower successfully passes the loan review, the bank will not lend money within 1-3 working days until he sees his certificate of rights.
Most banks don't accept applications of different properties and uses for mortgage loans for real estate consumption, and banks will have certain regulations when handling loans. Therefore, the borrower should first determine the nature and use of the property when handling the mortgage loan of the property.
According to an experienced person, the time from approval to loan collection is generally 15-20 working days on the premise that the borrower has complete information, good qualifications, high-quality collateral and no special circumstances. If it coincides with the busy period of the bank, it may take nearly two months for the mortgage to arrive.
Due to the differences in policies, efficiency and risk control measures among banks, the arrival time of real estate mortgage loans is also quite different. Some banks will relax the loan approval for high-quality customers or borrowers assisted by guarantee companies to speed up the loan, and some even arrive in 3-7 working days. In fact, the lending speed of banks is not static. In addition to choosing the loan opportunity, the borrower should also proceed from himself and the collateral to speed up the loan arrival.
If the borrower has good credit, low debt ratio and high quality of work unit, and can provide stable proof of work and economic income to the bank, it can quickly gain the trust of the bank, speed up the approval of the bank and get the loan quickly. In addition, the mortgage of high-quality real estate is also conducive to the rapid application of loans. High-quality real estate has advantages in terms of building age, supporting facilities, geographical location, area, orientation and transportation, which meets the requirements of bank mortgage. This kind of real estate is generally highly mobile, and the bank's approval speed is relatively fast.
If you are in urgent need of funds, you can apply for a bank loan through a guarantee company recognized by the bank, which can greatly simplify the approval process of bank loans, improve the success rate and efficiency of loans, and speed up the arrival of loans. Guarantee companies are familiar with banking policies and can match loan schemes and banks according to borrowers' conditions, so that borrowers can avoid detours. But the premise is that the borrower should find a strong formal guarantee company and be willing to bear the corresponding guarantee fees.
Problems needing attention in housing mortgage loan
1. Property value: the bank's appraisal of the property is not based on the market value (actual market price) of the property, but the designated appraisal company comprehensively evaluates the building area, orientation, floor, decoration degree, community facilities, traffic conditions and land price of the property through on-the-spot house inspection. According to this evaluation value (the evaluation agency will give a specific percentage), the bank will determine the loan amount according to the loan proportion.
2. Loan issuance: The bank allocates the loan funds to the corresponding recipients according to the purpose of the funds provided by the borrower. If the borrower buys a house, the bank will eventually release the loan funds to the seller's account;
If it is used for home decoration, the bank will issue the loan amount to the decoration company. Note: The bank will not distribute all the loan funds to the borrower's account.