At the end of the year, bank loans will be tightened and loans will still be issued. Banks will indeed tighten their loan business at the end of the year. Many loan projects are more stringent in terms of review and loan disbursements are also slower. However, slow lending does not mean no lending. If conditions are good, loans will still be made. If the conditions are not good, no loan will be issued whether at the end of the year or at the beginning of the year. If you apply for a bank loan, it mainly depends on the qualifications. If the qualifications are good, the bank will approve your loan application at any time. If the qualifications are not good, they will be rejected immediately. I would like to remind everyone that no matter where you take a loan, you must remember to repay it on time.

How long does it usually take for a home loan to be approved?

Currently, banks do not have clear regulations on the approval time for home loans. Sometimes, the result of mortgage loan approval may be available in about one month, or even the loan may be issued; sometimes, it may take 3-4 months or even half a year to get the result. This is mainly because there are many factors that affect mortgage approval. This also means that borrowers can take targeted measures to shorten the approval time for bank mortgage loans.

Doing this can shorten the mortgage approval time

1. Pay attention to maintaining personal qualifications

When applying for a mortgage, the bank has requirements for the borrower's credit and repayment ability. Relatively strict. Therefore, borrowers should pay attention to maintaining their personal credit and maintaining sufficient bank flow. In terms of credit reporting, it is not only necessary to have no current overdue records and no overdue records within a certain period of time, but also to ensure that there are no bad debts, too many inquiries, etc. In addition, the credit record must have certain credit card or loan usage records and cannot be blank. In terms of bank flow, try your best to achieve a monthly income that is more than twice the sum of the future monthly mortgage payments and other current liabilities.

2. Prepare complete information, and confirm and check it again and again

Before applying for a mortgage loan, you can consult the salesperson or bank manager about the specific information required and what issues to pay attention to. Then prepare relevant information in advance. To avoid omissions or non-compliance with specifications, you need to confirm and check with the real estate salesperson again and again.

3. Avoid bank quota tightening periods

Every year, banks will have one or two quota tightening periods, especially at the end of the year. During the quota tightening period, banks are very limited in the loans they can issue, so they will be stricter in loan approval, and the approval speed of home loans will also be slower. Therefore, before applying for a mortgage, you should first understand the bank's loan policy and quota status, and try to avoid the bank's quota tightening period as much as possible.

4. Avoid short and long holidays

When applying for a mortgage, you should try your best to avoid long holidays such as National Day and Spring Festival, because banks are generally closed on non-working days and loan approval is also slow. will be suspended. Applying for a mortgage before a short holiday will waste a week. Applying for a mortgage immediately after a short holiday. The accumulation of loan applications before the holiday will also cause a delay in mortgage approval.

5. Avoid the property market control period

When applying for a mortgage, you should try to avoid the time when the relevant departments have just promulgated the property market control policy. The property market control policy has just been released, and loan approval will be stricter. Policies are tight, and mortgage loan approval takes longer than usual, and the probability of loan rejection is also higher than usual.