How long does it take for Bank of Communications to approve loan repayment application in advance?

1. Process approval: the application for early repayment of the loan needs to go through a certain process, including the borrower's application to the bank and the bank's approval. In the process of examination and approval, the bank needs to evaluate and review the applicant's repayment ability and credit record to ensure the applicant's repayment ability and willingness.

2. Risk assessment: The bank also needs to conduct risk assessment and review on the borrower's prepayment application to ensure that the borrower's repayment will not affect the bank's capital security.