We all know that buying a house isn't just about a source, but the renovation is a big expense. In order to ease the financial pressure, many have opted for renovation loans. You might ask, how long will it take to apply for the renovation loan? Let's get to the point。

The renovation loan is a few days from application to loan

Applications for renovation loans typically take between two and thirty working days. After you have submitted your application, the bank usually takes about one or two weeks to do so. Once approved, the bank will inform you whether it will pass, and if it does, you will need to go to the bank as soon as possible to sign the loan contract, a step that will take about three to five working days. Once the contract has been signed, the bank will begin to release the money, usually within one or two weeks. There is, of course, a slight difference in this respect in some cases due to bank financial constraints or other possible delays。

How do you apply for the renovation loan? The steps are as follows: First, you need to submit to the bank some relevant material, including a certificate of income, to demonstrate your ability to repay the loan. The bank then reviews your submission to determine whether a loan can be granted to you. If the bank passes the application, the loan you apply for will be placed in your account。