How long does it usually take to apply for a loan from Happiness Village Bank?

General bank loans will be completed within one week after the loan is approved. If it is a mortgage, it depends on whether the current bank lending funds are tight. If funds are tight, it may take 1 month or even longer to lend money.

After applying for a bank loan, it does not mean that the loan is successful. Ultimately, it depends on the bank's approval results. During the approval process, the bank staff will check whether the borrower's information is complete. For some existing problems, they will ask the borrower face to face. If there are no major problems in all aspects of the materials, the bank will ask the borrower to sign the application form, but this only applies for a loan on behalf of the bank, which does not mean that the bank will lend money.

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How to get a bank loan?

1. Prepare relevant materials and apply to the bank. Application materials generally include loan application, applicant's ID card, household registration book, marriage certificate, income certificate, property right certificate of collateral, good credit records of the applicant and guarantor, etc. After paying the relevant fees, the applicant can submit relevant materials to the bank or the law firm entrusted by the bank for inspection and sign a contract.

2. Banks do pre-loan approval. After the applicant applies for a loan from the bank, the bank needs to examine the customer. For eligible loan applicants, the bank will approve the loan. If it is unqualified, the bank will return the application materials of the loan applicant and make corresponding explanations.

3. Go through other legal procedures. In addition to the loan contract, the loan applicant also needs to go through some legal procedures. If you are a mortgage applicant, you need to go to the relevant departments for mortgage registration for future enquiries.

4. Bank loans. After the relevant formalities of the loan applicant are completed, the bank will approve the loan according to the borrower's evaluation or report it to the superior for approval. Then, the bank staff will inform the borrower of the loan amount, loan term, loan interest rate and other related details, and issue a loan instruction to transfer the loan to the customer account.

Is there any way to shorten the loan approval time?

1. Pay attention to maintaining personal qualifications. For housing loans, banks have strict requirements on borrowers' credit reporting and repayment ability. Therefore, borrowers should pay attention to maintaining personal credit information and maintain sufficient bank flow. In terms of credit investigation, not only should there be no overdue records in the current period and within a certain period, but there should also be no bad debts and too many inquiries. In addition, the credit record must also have a certain credit card or loan use record, which cannot be empty. In terms of bank liquidity, try to ensure that the monthly income is more than twice the sum of monthly housing loans and other current liabilities.

2. Avoid the tightening period of bank quota. Every year, banks will have one or two austerity periods, especially at the end of the year. In the period of austerity, the loans that banks can issue are very limited, so the approval of loans will be stricter and the approval speed of housing loans will slow down. Therefore, before applying for a housing loan, we must first understand the bank's loan policy and quota, and try to avoid the tightening period of the bank's quota.

3. Avoid small holidays when applying for housing loans, and try to avoid long holidays such as National Day and Spring Festival, because banks generally have holidays on non-working days, and loan approval will be suspended. Applying for a mortgage before a small holiday will waste a week. Applying for a mortgage immediately after a small holiday will also lead to a lag in mortgage approval.