How soon will the bank inform you when the mortgage is paid off?

After the house loan is paid off, the bank will inform you that the loan has been settled within a certain period of time, and the specific time is as follows:

1. Generally, the bank will inform you that the loan has been settled within 7- 15 working days. This is because the bank will officially inform you of the settlement of the loan only after confirming your last repayment and ensuring that the loan has been fully settled and the interest expense has been settled.

2. If the loan is repaid in advance or in a large amount, the bank will inform you within 3-5 working days. The bank needs to keep the prepayment application form, and notify you of the loan settlement as soon as possible after the cash is confirmed and the relevant interest is settled.

3. There are differences in processing efficiency between banks, and the notification time of different banks will be different. Generally, the notification efficiency of larger state-owned banks will be higher than that of small and medium-sized banks, but it depends on the business handling efficiency of each bank.

After receiving the loan settlement notice from the bank, you need to go to the bank in time to complete the relevant follow-up procedures, such as:

1. Take back the property right certificate-the property right certificate and the mortgage cancellation certificate. These two certificates can prove that the property right belongs to you and the mortgage relationship has been lifted, which is very important.

2. Confirm and save the loan settlement confirmation. This confirmation letter is an important proof that the loan has been settled and can be used as a reference for applying for a loan in the future. Please take good care of it.

3. Cancel the account or transfer to the current account. If a special mortgage card or account is used for repayment, the account can be directly cancelled after settlement; You can also transfer the balance to a current account for future use.

4. Confirm the withdrawal of provident fund. If you use the provident fund to discount interest during the loan period, you need to go to the provident fund management center to confirm that the discount provident fund has been completely thawed and can be withdrawn.

Therefore, after receiving the bank loan settlement notice, please complete the above follow-up procedures as soon as possible. Confirm all settlement vouchers, extract ownership vouchers, and handle account balance to ensure the full completion of loan settlement. If you haven't received the notice from the bank for a long time, you can also take the initiative to contact the bank to inquire about the settlement, so as not to affect your rights and interests.