How long does it take for the mortgage to pass the pre-approval?

After the pre-approval of the mortgage, it usually takes about a month to make a payment. If the quota is tight, lending will slow down, which may take 2~3 months or even longer. For example, the approval of the first or second-hand housing loans in Beijing is relatively strict, and the lending cycle has been extended to one and a half months to two months. The lending cycle of commercial loans will be longer than that of portfolio loans. Most banks said that after the mortgage loan was approved, it would take at least three months to queue up for loans.

Of course, the speed of mortgage issuance in each city and bank will be different, which needs to be judged according to the actual situation. The specific time when the bank lends money to the account is uncontrollable. If banks are short of funds and national policies change, banks will delay lending. After receiving the loan, the bank will generally notify the borrower by SMS, telephone and other forms. If the loan has not been released for a long time, it is recommended to contact customer service to check the loan progress.

Is it possible not to lend when the mortgage is approved?

Under normal circumstances, it is only a matter of time before the mortgage is approved. Some loans may be issued soon, and some loans may be delayed due to lack of funds.

However, we also need to note that if there is still a period of time and process before the loan is granted, and the process is complicated and takes a long time, then the handling bank may check the customer's credit information again before lending.

Once the customer's recent credit problems are found, bad information (such as overdue records) has recently appeared in the credit report; Or found that customers frequently applied for a variety of credit products during this period, resulting in long-term loans, and many loans under their names were not repaid. If the personal debt ratio is high, it is likely that they will eventually refuse to lend.

Reasons for not lending after loan approval

1, the second audit failed: often, many loan platforms will conduct a second audit on borrowers after approval and before lending. The key point is to check the credit information to see if the borrower has bad credit or added a lot of debt before lending. As long as the two points are correct, the second audit will fail and the loan will be cancelled.

Unusually, no money was received in the bank card: the loan was made, but the borrower's bank card could not receive the money. For example, before the loan, the borrower reported the loss of the bound bank card, or the bank card was frozen by the judiciary. The borrowed money will be returned in the same way, giving the borrower the illusion that there is no loan.

3. Delay in lending time: Many lending platforms do not lend money on the same day, and some may take one or two days to lend money. In case of holiday lending, the lending time will be extended to working days. The borrower only needs to wait patiently for the loan to arrive.