Portfolio loan refers to the borrower who meets the conditions of individual commodity housing loan and pays housing provident fund at the same time, which meets the conditions of provident fund loan. In addition, when applying for personal housing commercial loans, you can also apply for personal housing provident fund loans, which are called portfolio loans. The provident fund loan of portfolio loan is implemented according to the interest rate of individual housing provident fund loan, and the commercial loan part of portfolio loan is implemented according to the commercial loan standard of individual housing of loan bank.

What should I pay attention to when applying for a portfolio loan?

1. Application conditions: Different loan methods must have different application conditions, and different loan banks have different requirements. So, before applying for a portfolio loan, what are the requirements of the lending bank? First of all, employees applying for portfolio loans must pay the housing provident fund in full and on time, because portfolio loans involve some provident fund loans. Secondly, buyers must have stable economic income, good credit and the ability to repay the principal and interest of loans. These are the basic requirements.

2. Understand the loan process: portfolio loans involve two kinds of loans, so the handling process is more complicated, which is a problem that buyers need to pay attention to. Usually, to apply for portfolio loans, you need to submit a written application to the local housing provident fund management department and submit relevant materials. Other parts of commercial loans involve banks, so this part is easier to handle, as long as you pay attention to provident fund loans.

3. Give priority to commercial loans: among portfolio loans, the interest rate of provident fund loans is lower and the interest rate of commercial loans is higher. Therefore, if property buyers want to repay the loan in advance, they should repay the commercial loan before the repayment period. Because in portfolio loans, the loan interest rate of commercial loans is higher than that of provident fund loans, if commercial loans are paid off first, borrowers can save a lot of mortgage interest.

Second, what is a portfolio loan?

Portfolio loan means that individuals can apply for both individual housing loans and individual housing provident fund loans, and apply for portfolio loans. The preliminary procedures are the same as provident fund loans. After passing the preliminary examination, when the borrower goes to the bank to handle other procedures for provident fund loans, he should fill in the application form for commercial loans and go through relevant procedures as required by the bank.

After the two loans are approved, the bank will transfer them to the account of the selling unit at the same time. In portfolio loans, the loan term, loan date and repayment date of provident fund loans and commercial loans are the same, but different interest rates are implemented.

Application process of individual housing portfolio loan: the borrower first applies to the commercial bank and provides relevant information. Commercial banks apply for provident fund loans on behalf of borrowers with relevant supporting materials. After the provident fund is audited by the entrusted bank, the loan amount and term will be given, and the commercial bank will be notified. Finally, commercial banks will list the amount and duration of commercial housing loans to applicants.

Portfolio loan application materials: loan application form, ID card and its photocopy (3 copies), household registration book and one-page photocopy containing personal information, house sales contract and its whole photocopy, transfer application form, photocopy of advance receipt, personal salary income certificate, portfolio loan contact sheet and its photocopy, commercial loan contract, and sixth copy of maintenance fund receipt.

Third, the difference between revolutionary commercial loans and portfolio loans

Commercial loans can be converted into housing provident fund loans.

When a commercial loan is converted into a provident fund loan, the borrower shall meet the following seven conditions:

Meet the application conditions for housing provident fund loans in this Municipality;

The borrower must be the borrower or spouse of the original housing loan (the buyer is required);

The original commercial housing loan has not been settled, and the bank agrees that the borrower will settle the loan in advance;

The original commercial housing loan has been repaid for more than one year (inclusive), with a good credit record and no overdue loan balance;

The purchased property has obtained the house ownership certificate issued by the local real estate registration department, and it is a steel-concrete structure;

Commercial loans that can be mortgaged for the purchased real estate can be converted into provident fund loans;

Never applied for a housing provident fund loan.