How do you know if your personal mortgage loan has been approved?

1. Telephone inquiry: Borrowers can call the bank’s customer service number. After being connected, follow the prompts to transfer to manual service, provide their identity and loan information, and they will help you inquire and inform you of the loan. What is the progress of the approval?

2. Counter inquiry: Borrowers can bring their ID cards and loan repayment cards to bank branches and apply to the counter staff to inquire about the loan approval progress.

3. Contact the account manager for enquiry: When applying for a loan, the bank will entrust an account manager to help the borrower apply for a home loan. Borrowers can directly find the account manager and ask him to help you inquire, so that they can quickly learn about their loan approval progress.

4. Official website query: Borrowers can log in to the official website of the loan bank. After logging in to their personal account, find the loan progress query in the function bar. After filling in the loan information and submitting it as required, you can know your loan. Approval is in progress.

How long does it take to disburse a mortgage after approval?

When individuals apply for home mortgage loans, different banks or different housing loans have different disbursement times. Mortgage loan disbursement time is mainly divided into:

1. Housing provident fund loan disbursement is slow. Individuals apply for housing mortgage loans. Because the interest rates of individual housing provident fund loans are low, many people like to apply for this type of loan to buy a house. However, at the same time, the disbursement time of this kind of housing loan is slow, and it usually takes about 1-2 months to disburse. If it is slower, some areas will have to wait 6 months.

2. The commercial housing mortgage loan is about 1 month. Most applications for housing mortgage loans are commercial loans from banks, and the disbursement time for such loans is faster than housing provident fund loans. At present, the lending time of many banks is about one month. Some banks lend money for shorter periods of time.

3. If you want the bank to release the loan faster, you can release the loan with the receipt. The loan can be released within 3 working days after the transfer. A guarantee fee of RMB 400 is required. If you apply for a loan based on other certificates, it usually takes 15 to 22 working days to get the birth certificate, and the bank will lend money 3 to 5 working days after the birth certificate is obtained.