Now, when many people apply for mortgage loans, they will choose portfolio loans, that is, provident fund loans and commercial loans will be used together. However, many people still don't know how to repay the portfolio loan. Here, let's introduce how to repay the portfolio repayment.
Portfolio loans need to be repaid separately, that is, through different accounts of the same bank. The provident fund is freely repaid, and the monthly repayment amount is greater than the minimum repayment amount. Commercial loans are generally repaid by equal principal and interest method or average capital method. Therefore, combined repayment is similar to normal loan repayment.
Matters needing attention
1. Friends with more funds in the provident fund account can sign monthly transfer and repayment withholding business, and deduct the repayment amount of commercial loans before using the remaining provident fund every month to reduce the repayment pressure.
2. If prepayment is supported in portfolio loans, both provident fund loans and commercial loans can be partially repaid in advance.
3. For commercial loans, you need to deposit enough funds in the designated repayment account on time every month, otherwise it may lead to overdue repayment.
If everyone's provident fund is interrupted during repayment, nothing will happen within 3 months.
5. For overdue behavior, provident fund loans and commercial loans in portfolio loans shall be subject to the overdue policies of provident fund centers and commercial banks respectively.
Above, I introduced how to repay the portfolio loan, hoping to help the friends who handle the portfolio loan to make reasonable and timely repayment.
How to repay loans with portfolio loans
Portfolio loan refers to that borrowers who meet the requirements of personal housing commercial loans can apply for personal housing provident fund loans while handling personal housing commercial loans.
1. The combined loan cannot be repaid together, because the repayment methods adopted by these two loan methods are also different, so it is necessary to set up two independent accounts and make separate loans. Provident fund loans take the form of free repayment, and commercial loans take the form of repayment recognized by commercial banks.
2. The provident fund implements free repayment, that is, a lower repayment amount can be set every month, but the monthly payment must be greater than this amount. If there is a large amount of funds in the provident fund account, you can sign the monthly transfer repayment withholding business, then the monthly repayment will be made through the provident fund account first, and then deducted through the bank repayment passbook when the account amount is insufficient.
3. Commercial loans include two repayment methods: average capital and equal principal and interest. Commercial loans can automatically deduct the money in the bound repayment account on a monthly basis. At the same time, in portfolio loans, the loan terms of provident fund loans and commercial loans must be consistent.