What is the handling process of Ningxia portfolio loan? How long does it take for general approval?

In fact, the real estate industry is developing rapidly now. Because of this, many friends will consider buying a house with a loan. Portfolio loan is a common loan method, so we should pay attention to the specific procedures and conditions. So what is the handling process of Ningxia portfolio loan? How long does it usually take for approval? Let's take a look at my related introduction and narration first. In fact, the real estate industry is developing rapidly now. Because of this, many friends will consider buying a house with a loan. Portfolio loan is a common loan method, so we should pay attention to the specific procedures and conditions. So what is the handling process of Ningxia portfolio loan? How long does it usually take for approval? Let's take a look at my related introduction and narration first.

Ningxia portfolio loan handling process

(1) application. Ningxia loan applicants need to submit written loan applications to the Housing Provident Fund Management Center and the Construction Bank respectively, and submit relevant materials.

(2) sign a contract. Ningxia loan applicants, after obtaining the amount of provident fund personal housing loans, apply for portfolio loans from loan banks with the Notice of Entrustment of Provident Fund Personal Housing Loans issued by the provident fund management department. After receiving the notice that the bank agrees to the loan, the customer needs to sign a loan contract and a guarantee contract with the loan bank respectively for the provident fund personal housing loan and the self-owned account housing loan, and handle the notarization between China and the DPRK as appropriate.

(3) Mortgage and insurance. After the signing of this contract, necessary procedures such as mortgage registration and insurance shall be handled in accordance with national and Ningxia local laws and regulations. Mortgage registration and insurance fees shall be borne by the borrower, and the original insurance policy shall be kept by the loan bank during the mortgage period.

(4) open an account. Customers who choose to entrust deduction for repayment open a special savings passbook account, savings card or credit card account in the loan bank. At the same time, the seller shall open a special deposit account in the loan bank.

(5) expenditure. At the front desk of banking business accounting, Ningxia borrowers fill in the Loan Transfer Voucher for provident fund personal housing loans and self-owned account housing loans respectively. According to the loan contract, the loan bank will directly transfer the loan to the deposit account opened by the borrower in the loan bank, or transfer it to the deposit account of the seller in one lump sum or in installments.

(6) Repayment on schedule. According to the repayment plan and repayment method agreed in the loan contract, the borrower shall repay Ningxia provident fund personal housing loan and self-owned bank housing loan on schedule. At present, there are two repayment methods: entrusted bank deduction and counter repayment.

(7) loan settlement. Ningxia loan settlement includes early settlement and normal settlement. Early settlement refers to the settlement of the loan (one-time repayment of principal and interest) or the next loan (installment loan) before the loan maturity date; Normal settlement refers to the settlement of the loan on the maturity date of the loan (one-time repayment of principal and interest) or the next installment after the loan (installment loan).

How long can the Ningxia portfolio loan be approved?

It takes about 30 working days to approve the provident fund portfolio loan. Portfolio loan refers to the borrower who meets the conditions of commercial loans for individual housing. When applying for commercial loans for individual housing, he can also apply for personal housing provident fund loans, that is, the borrower can apply for personal housing provident fund loans and personal housing at the same time with the purchased urban self-occupied housing (or other guarantee methods recognized by the bank) as collateral.

Portfolio loan is actually a combination of provident fund loan and commercial loan. The details of the loan should be implemented according to the policies and regulations of local financial institutions, and the loan should be handled smoothly. This is what I'm talking about. What is the handling process of Ningxia portfolio loan? How long does it usually take for approval? I hope it will be helpful for you to handle the portfolio loan.