Does the bank call and interview every lender? My loan is from Industrial and Commercial Bank of China.

The loan applicant will definitely call you back to verify whether the information you provided is true before the loan is granted. It will take about 7-30 days to provide you with the mortgage loan review documents. It mainly depends on whether the documents submitted by the parties are complete and meet the bank's requirements. Bank loans can take as fast as one week and as slow as one to three months.

After the review document is passed - the developer is notified for filing - the developer submits the filing form (stamped) to the bank - the bank makes final review - disbursement.

Warm reminder: Starting from November 17, 2019, the customer SMS approval confirmation function will be added to the original phone verification. After the loan is approved, the system will automatically send a text message to the borrower's reserved mobile phone number, informing them of relevant content including the loan amount, term, interest rate, and account number. You must forward the text message to 95588 within the specified time, which is also regarded as Our bank has completed verifying the relevant information with you. At the same time, the original manual phone verification method will still be retained for large-amount loan business that exceeds the maximum loan value for SMS review (set by each branch).

The main details that need to be paid attention to when taking out a loan are:

1. Whether the lending institution and platform are formal:

Be sure to pay attention to the institution and platform that handles the loan. Whether you have a financial license or not, you may be defrauded if you encounter irregular lending institutions or platforms.

2. Is the loan interest rate normal?

Some lending institutions and platforms may manipulate the interest rate. For example, they advertise low interest rates, but in fact the approved interest rate is much higher. This situation is very common in small loans. There are also some online loan products that charge “cut-off interest”. Therefore, when taking a loan, people must pay attention to whether the interest rate is at a normal level and whether it meets the standards of usury.

3. Are there any mandatory requirements:

Some loans may have additional requirements, including various service fees, liquidated damages, etc., which everyone must pay attention to when taking out a loan. Be careful to avoid being restricted later.

4. What are the specific loan information:

Apply for a loan from different lending institutions and platforms. The strictness of the review is also different, and the information that needs to be provided may also be different. difference. Therefore, it is best to find out what specific information needs to be provided first, so as not to omit anything and affect the loan processing.