Although the interest rate of provident fund loans is the lowest, if you can't apply for provident fund loans, the loan interest rate of portfolio loans is lower than that of commercial loans, so as to save money. Because the portfolio loan bears interest separately, it will save money to buy a house with this loan method than to buy a house with a commercial loan directly. Moreover, the amount of commercial loans is high, and buyers are not restricted from choosing a house when buying a house.

2. The quota is very high

Many property buyers give up using provident fund loans because the loan amount of provident fund loans is limited and cannot meet their housing needs. Portfolio loans allow applicants to enjoy the low interest rate of housing provident fund loans. At the same time, for friends who can't meet the housing needs because of the low amount of provident fund loans, they can get a larger amount of loans through commercial loans. It can be seen that portfolio loan is a combination of provident fund loan and commercial loan.

Disadvantages of portfolio loan 1. Limited bank handling.

There are very few banks that can undertake portfolio loans now. Borrowers who apply for portfolio loans will find that the provident fund management center only cooperates with a certain bank, which has great limitations for borrowers to apply for portfolio loans.

2, cumbersome procedures

Handling portfolio loans is equivalent to handling provident fund loans and commercial loans. There are many preparation materials and complicated procedures, and the loan funds can only be released and credited to the seller's account after the property right transfer and mortgage registration are completed, which takes 2 to 3 months. Judging from the operation process of "combined loan", the loan time is too long and the seller is unwilling.

3. The handling fee is high

Both provident fund and commercial loans are subject to guarantee fees, as well as assessment fees of different amounts. In addition, if the borrower handles it through an intermediary company or a loan service agency, it also needs to pay a service commission. In this way, portfolio loans are more expensive than pure provident fund loans or commercial loans.

4. The upgrade of home ownership is "implicated"

The disadvantage of portfolio loans is that borrowers will be "implicated" by the second suite policy when upgrading their housing. In portfolio loans, commercial loans will remain in the central bank's credit information system and will be identified as two sets when the house is upgraded. After the provident fund loan is paid off, the house is sold, and the second use of the provident fund loan is counted as the first house, which is implemented according to preferential policies.

Bian Xiao reminded: Because the procedures of portfolio loans are complicated and the lending cycle is generally long, many developers or sellers do not accept portfolio loans, so it is best for buyers to confirm with the developers or sellers before handling portfolio loans.