The bank's approval speed is fast, usually five to ten working days. After that, it will take time to transfer, and we will need fifteen working days to transfer the ownership here. Therefore, it takes one to two months for a general loan to be completed. You go to the bank to register first, and prepare all the information needed by the bank and give it to the bank. The bank led the appraisal company to take photos of their houses. The evaluation company returns to the company to issue an evaluation pre-evaluation report or a formal report.
According to the housing appraisal results issued by the appraisal company, the bank will give loans of 60% to 20% of the appraisal value, and the loan officer will fill in the materials and freeze the down payment. The loan officer will report the relevant materials to the municipal or provincial banks for approval. After approval, the lender can go to the real estate bureau to handle the transfer. After the transfer is completed, the real estate license and the official evaluation report will be submitted to the bank for registration. After the loan is completed, payment can be made in two to three days. Bank repayment methods are mainly divided into two ways: equal principal and interest repayment method and average capital. The bank has specific provisions on the down payment ratio and loan interest rate for the first home, and the down payment ratio and loan interest rate for the second home.