Is the portfolio loan deducted together in the first month?
Usually, the repayment of portfolio loans is not deducted together. The repayment amount of provident fund is deducted from the provident fund account, and the repayment amount of commercial loans is deducted from the bank card. If the lender does not choose to hedge with the provident fund, the repayment amount of the provident fund loan will also be deducted from the bank card. Although both of them deduct money from the same bank card, the deduction time is different, and the contract shall prevail.
In portfolio loans, the provident fund loan part adopts free repayment method, and the commercial loan part adopts repayment method recognized by commercial banks. If there is a lot of money in the provident fund account, you can sign a monthly transfer repayment withholding business. When you repay each month, you will first transfer money through the provident fund account, and when the account amount is insufficient, you will deduct money through your own bank repayment bank card.
The deduction time of portfolio loans is different, and the next payment is not paid at the same time. When the provident fund loan is made, the commercial loan will start the next payment. Portfolio loans can be operated in different banks, but the procedures need to be handled together. Under normal circumstances, after the application for provident fund loan is first examined, the applicant fills in the application form for commercial loan and goes through the relevant formalities according to the requirements of the bank.
Portfolio loans generally need to go through such a process: application-approval-signing a contract-issuing loans. In some places, it is stipulated that the provident fund loans in portfolio loans should be applied in the provident fund management center, and in some places, the provident fund loans can also be handled in banks, and the provident fund management center entrusts commercial banks to handle them.
Compared with provident fund loans, commercial loans in portfolio loans have much higher loan interest. Therefore, provident fund loans are dominant in portfolio loans, and commercial loans are auxiliary. Rational use of portfolio loans can reduce the pressure of buying a house.