What is the lending speed of portfolio loan (BOC) now?
Generally speaking, the processing time of portfolio loan is the longest. Commercial loans and provident fund loans need to be handled at the same time. Some commercial banks need to see the mortgage certificate before they can lend money. In the process of handling provident fund loans, the purchased houses need to be evaluated before they can go to the Construction Committee for online signing. The whole process basically takes about 2-4 months, which takes a long time and requires patience.