Many chose to buy their homes on a Provident Fund loan because of their relatively low interest rates. However, the process of the Provident Fund loans is somewhat more complex than that of commercial loans. This makes many applicants anxious to know how long it will take to obtain the funds after all the Provident Fund loan procedures have been completed. Listen to me slowly。

How long will it take for a loan to be released

After confirmation of approval of the Provident Fund loan, the amount will normally arrive within one to two months. In the case of customers who have been notified of approvals, they need to go to their respective business networks within the agreed time, sign loan contracts and follow procedures such as mortgage registration. It usually takes five to seven days, which is basically a week. Then, at the beginning of the payment phase, the client needs a waiting patience。

If you are considering whether a change of jobs would affect the Provident Fund loan, there are a few points to note here. First of all, if you have submitted an application and have made regular and continuous contributions for more than six months, it would be premature to change the job and ensure that the new company will make a smooth continuation of the fund, which would have little impact on your loan process. Second, there has been no application for a Provident Fund loan and no new job has been found, and the possible closure of the Provident Fund account may affect the application for a Provident Fund loan, as you must ensure that the account is not applied for under normal payment conditions. Finally, if there is an excessive cut-off of the Provident Fund, even if a new company is found to continue, the amount of the Provident Fund will need to be recalculated, and you may need to save up to six months on time before you can apply for the Provident Fund loan again。