Can the combined loan term be different?
Portfolio loan life cannot be different. The initial procedures for applying for portfolio loans are the same as those for 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.
How many years can portfolio loans last?
You can borrow it for up to 30 years. However, to apply for a portfolio loan, conditions must be met, such as that the borrower is a natural person, pays the housing accumulation fund in full and on time, has a stable income, has good credit, has the ability to repay the principal and interest of the loan, has a legal and effective house purchase (construction or overhaul) contract and agreement and other supporting documents required by the loan bank, has self-raised funds of more than 30% of the total price of the house purchased, and is guaranteed to be used to pay the down payment of the house purchased.
How is the term of portfolio loan stipulated?
1. The term of the provident fund loan and the commercial loan in the portfolio loan must be the same, and the stipulated maximum loan term shall not exceed the statutory retirement age (i.e. 60 for men and 55 for women).
2. The longest loan period for commercial housing is 30 years.
3. The longest loan period for private property transfer houses and auction houses is 20 years.
Can the portfolio loan be paid off in five years?
Portfolio loans can be repaid within five years. Portfolio loans can be loaned for up to 30 years, while commercial loans and provident fund loans can be loaned for up to 30 years. When combining loans, the loan terms of the two parts should be the same.
The specific loan term is determined by both the provident fund management center and the loan bank, the provident fund loan term is determined by the provident fund management center, and the commercial loan term is determined by the loan bank, with the lower loan term as the longest loan term.
As long as you are under 60, you can always borrow to 60, but not more than 20 years.
Finally, you can look at your loan contract. There is a time description in the loan contract.
How many years can I borrow a mortgage?
First, the loan term.
1, the longest term of individual housing loan is 30 years, and you can choose 20, 15, 10, 5 years, etc.
2. The longest term of personal commercial housing loan is 10 year;
3. Men under 60 years old and women under 55 years old.
Second, the basic provisions of housing loans
1. loan purpose: it is used to support individuals to buy, build and overhaul houses in cities and towns in Chinese mainland.
2. Loan targets: China natural persons with full capacity for civil conduct and overseas natural persons with the right of abode in Chinese mainland.
3. Loan amount: The maximum amount is 70% of the total price or evaluation value of the house purchased (built or overhauled).
4. Loan term: up to 30 years.
5. Loan interest rate: It shall be implemented in accordance with the relevant regulations of the People's Bank of China.
6. Repayment method: entrusted deduction and counter repayment.
7. Repayment method: If the loan term is within 1 year (including 1 year), the repayment method of one-time repayment of principal and interest shall be implemented; If the loan term is greater than 1 year, the repayment method of equal principal and interest and average capital can be adopted.
8. Loan guarantee: mortgage, pledge, guarantee, mortgage plus phased guarantee, etc. , you can use one or more loan guarantees.
Three, apply for a loan should be submitted to the information:
1, identity document;
2. Proof of the borrower's repayment ability;
3. Legitimate and effective purchase (construction, overhaul) contracts, agreements or (and) other approval documents;
4. proof of down payment;
5. Loan guarantee materials;
6. Other documents and materials specified by the lending bank.
How many years has Tianjin portfolio loan been?
Tianjin first-hand housing portfolio loan, the provident fund part can be loaned for 20 years, the commercial part can be loaned for 25 years, and the portfolio can be loaned for up to 20 years. As for the second-hand housing portfolio loan, the longest loan period is the same as that of the first-hand housing. Because Tianjin has suspended the issuance of commercial personal housing loans for more than 25 years, if you apply for commercial loans, you can only borrow for up to 25 years.
For the loan interest rate of Tianjin portfolio loan, the provident fund part is implemented according to the provident fund loan interest rate, and the commercial loan part is implemented according to LPR bonus or benchmark interest rate floating.