Generally speaking, portfolio loans are more cost-effective than pure commercial loans, and the greater advantage of portfolio loans is to save interest for buyers. For example, the loan is 2 million yuan, the monthly payment of pure commercial loans is 13 165.99 yuan, and the monthly payment of combined loans is 1238 1.06 yuan, which is 784.93 yuan less than that of commercial loans. The total interest of commercial loans is 1 159838.09 yuan, and the total interest of portfolio loans is 97 1453.58 yuan, with a difference of 14438+0 yuan. You can save your interest by using portfolio loans.

What is a portfolio loan?

Simply put, it is the combination of provident fund loans and commercial loans. Seriously speaking, it means that the borrower can use the purchased urban self-occupied housing (or other guarantee methods recognized by the bank) as collateral, and at the same time apply to the bank for personal housing provident fund loans and personal housing commercial loans. However, it is worth noting that not every property buyer can apply. Generally speaking, it is only used when personal loans exceed the maximum limit of local provident fund loans.

What's the difference between portfolio loans and commercial loans?

1, the loan interest rate is different. For commercial loans, the loan interest rate is 4.9%, and the total interest of loans is relatively high without discount. The loan interest rate of portfolio loans is between 3.25% and 4.9%, and the total loan interest is relatively moderate.

2. The loan amount is different. The loan amount of portfolio loans and commercial loans is higher than the provident fund. Therefore, many people choose portfolio loans when the amount of provident fund loans is insufficient.

3. The loan conditions are different. The requirement of commercial loans is that individuals have good credit, no bad credit record and repayment ability. As long as you buy a house, whether it is an office building, you can use a commercial loan. Portfolio loans must meet the requirements of both provident fund loans and commercial loans.

4. The complexity of the loan process is different. The process of commercial loans is relatively simple. After banks apply for commercial loans, they can issue loans soon. In portfolio loans, commercial loans are applied to loan banks, and provident fund loans are applied to provident fund centers. Lending is slower than provident fund loans and commercial loans.

5. Different sources of funds. Commercial loans are transactions in which real estate is used as collateral to obtain one-time loans from banks and other financial institutions. The funds for portfolio loans come from provident fund centers and banks.