How long does it take to process a home loan and credit?
In the event of a shortage of funds, most people choose to apply for a loan to resolve it. Below, the editor will talk about the time required for the loan from two angles: a mortgage and a loan.
How long does it take to buy a home loan
1. Apply for a home loan from a bank
Once the bank has collected the information, it submits an internal approval and then proceeds to the housing management transaction to complete the mortgage registration process, which will take approximately 10 to 15 business days. Once the transaction has issued other mandates, the bank will grant a loan within 3 working days. Month by month, the principal and interest will be returned through the designated account, and no further procedures are required.
2. Buy a house with a mortgage
If you have to apply for a mortgage to buy a new building and the presale certificate has been processed, as long as you apply to the bank, the bank will immediately verify your integrity record with the People's Bank of China. If there is no problem, she will respond to your personal loan request within 3 days. You are also required to submit copies of licenses, income certificates, down payment documents, etc. relevant and to sign loan contracts and other appropriate bank documents and documents, if applicable.
3. Buy a house with commercial loans
If you are buying a house to apply for a commercial loan, then for commercial loans it usually takes about 2 weeks to 1 month from the time the lender submits the information to the loan, if it is a loan to contingency funds, as it involves multiple contingency funds and banking institutions, progress will be slower and may take 1 to 2 months or more
How long does it take to process a loan
1. Bank credit
In general, bank loans from banks are problematic, especially business loans. First, you need to submit the personal loan application information, then the bank will send a special person to the business to verify, and then submit the application information after verification. After submitting the application documents, if the exam is successful, the bank will also confirm the final information before making the payment. This period is generally around 30 days.
2. Credits to credit companies
The speed of examination of the loan company is much faster than that of the bank. Part of the amount is not very large. As long as the information is complete, it can be obtained within 3 days.
3. Online credit loan
The main feature of the online loan is that the approval and the loan are very fast. Generally, the amount can be paid in 5 minutes. It usually takes one to two days from request to approval, and the result will be the third day at the slowest. Of course, current network loans are mainly small loans.
