It takes about two or three months for a portfolio loan to go from application to approval to issuance. However, it should also be noted that if the bank is short of funds and busy with business, it may delay the examination and lending.

After the portfolio loan application is submitted, the provident fund loan and the commercial loan are reviewed separately. Provident fund loans are audited by the local housing provident fund management center, and commercial loans are audited by the entrusted bank. Generally, the approval and results will be completed within one or two months.