If the mortgage is approved, notify the developer directly. Won't the bank send me a text message?

1. Notify the developer directly when the mortgage is approved. The bank will not send a text message to the borrower, but when the monthly repayment starts from the second month of the loan, the bank will notify the borrower by text message when the monthly payment is deducted from the repayment card.

Two. According to the general principles of loans in People's Republic of China (PRC)

Article 9 Credit loans, secured loans and bill discounting:

Credit loan refers to the loan issued by the borrower's credit.

Secured loans refer to secured loans, mortgage loans and pledged loans.

Guaranteed loan refers to a loan issued by a third party in the form of guarantee stipulated in the Guarantee Law of People's Republic of China (PRC), with the borrower undertaking general guarantee liability or joint liability as promised.

Mortgage loan refers to the loan issued with the property of the borrower or a third party as collateral according to the mortgage method stipulated in the Guarantee Law of People's Republic of China (PRC).

Pledged loan refers to the loan issued with the movable property or rights of the borrower or the third party as the pledge according to the provisions of the Guarantee Law of People's Republic of China (PRC).

Bill discount refers to the loan issued by the lender in the form of purchasing the borrower's unexpired commercial paper.

Article 10

In addition to entrusted loans, the lender shall provide loans and the borrower shall provide guarantees. The lender shall strictly examine the repayment ability of the guarantor, the ownership and value of the collateral and pledge, and the feasibility of realizing the mortgage and pledge.

After the loan review and evaluation, it is confirmed that the borrower has a good credit standing and can repay the loan, and no guarantee may be provided.