In today's society, people who need fast access to finance often use loans, which has become the mainstream mode of financing. Most people would choose to mortgage their homes or cars to the banks to obtain the loans they desperately needed. But here is the common question: How long will it take for a mortgage to be granted? Let's get closer together。

How long will it take to approve the mortgage

Mortgages on property processed in banks usually take about 15 to 20 working days to complete their approval. However, if the secured company does this for you, the time for approval may be reduced. Please bear in mind, however, that the actual timing of the disbursement ultimately depends on the processing time of the bank。

If you choose to take mortgages in a non-bank financial institution, the approval process is usually much faster, and the loan is usually granted in two or three days. However, the actual timing of disbursement depends on the particular lending institution。

You might have some questions about the mortgage. It is true that the stock can be used as collateral. Normally, when you pay the first payment for the pre-sale property, the loan bank settles the balance, and then you need to mortgage the house you bought as a guarantee of the loan performance. However, there are also several important matters that require attention, such as, for example, the need for you to provide a valid purchase contract, obtain a pre-sale licence for the goods and obtain, in a legal manner, a designated land and construction permit。