China Agricultural Bank Mortgage Loan

Legal analysis: the loan of Agricultural Bank of China is about 15 working days;

It takes about 15 working days from application to loan. Buying a house loan, the whole process is about 20 jobs;

When looking at the house, the buyer and the seller reach an agreement to pay the house purchase deposit: 1 day;

Submit loan application and sign loan contract: 1 working day;

Real estate assessment and third party guarantee: 1-2 working days;

Bank approval: 5 working days. House transfer, down payment: 1 working day;

Pay taxes and get a new real estate license: 4 working days;

The bank receives the loan contract and mortgage registration: 3 working days;

Bank loan to the seller, property delivery and final payment: 3-5 working days.

Legal basis: Article 410 of the General Principles of the Civil Law of People's Republic of China (PRC) * * * If the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties, the mortgagee may agree with the mortgagor to discount the collateral or give priority to compensation with the price of auction or sale of the collateral. If the agreement harms the interests of other creditors, other creditors may request the people's court to cancel the agreement.

If the mortgagee and the mortgagor cannot reach an agreement on the way to realize the mortgage, the mortgagee may request the people's court to auction or sell the mortgaged property.

Where the mortgaged property is discounted or sold, it shall refer to the market price.