How soon can I receive a text message from a bank loan?

After the bank notifies the lender of the loan, under normal circumstances, the funds will arrive within 15 working days.

There are some differences in the arrival time among banks, among which Minsheng Bank has the earliest 10 working day, China Construction Bank has seven working days, ICBC is about one month late, China Merchants Bank has the earliest 8 working days, China Bank has the earliest 1 working day. If you apply for a mortgage, you will receive a text message after lending, so that we can understand the lending process of the mortgage.

The loan amount is determined according to the borrower's occupation, education level, conduct, repayment ability and the liquidity of the purchased house. The loan term is generally less than 30 years, and the maturity date of the loan cannot exceed the borrower's age to 65 years in principle. The loan interest rate shall be subject to the provisions of the People's Bank of China. In case of legal interest rate adjustment, if the term is within 1 year, the contract interest rate will be implemented and interest will not be calculated by installments; If the term exceeds 1 year, the new interest rate will be implemented at the beginning of the following year.

The Borrower shall repay the loan principal and interest according to the repayment method and repayment plan agreed in this Contract. If the loan term is within 1 year (including 1 year), the interest shall be paid quarterly and the principal and interest shall be settled at maturity; If the loan term exceeds 1 year, the principal and interest of the loan shall be repaid in monthly installments. To choose the most suitable repayment method according to your own situation, you can use the repayment method of equal repayment, and the repayment amount is unchanged (except for adjusting the interest rate), which is convenient for repayment, but the interest paid is relatively large. If average capital's repayment method is adopted, the monthly repayment amount will gradually decrease, thus gradually reducing the repayment pressure.