2. Portfolio loans generally need to set up two independent accounts because the two parts are separate loans.
3. Free repayment is implemented in the provident fund, that is, we can set a lower repayment amount every month, but the monthly repayment amount must be greater than this amount. In fact, this amount is equal to the amount of equal principal and interest.
However, this amount is not mandatory, and the repayment amount can be temporarily adjusted every month. If you have more money, you must reach a low repayment amount if you have no money. Commercial loans include two repayment methods: average capital and equal principal and interest. At the same time, in portfolio loans, the loan terms of provident fund loans and commercial loans must be consistent.
What are the precautions for individual housing portfolio loan repayment?
1. Apply for loan amount according to one's ability: When applying for personal housing loan, the borrower should make a correct judgment on his current economic strength and repayment ability, and at the same time make a correct and objective prediction on his future income and expenditure. Generally speaking, we should carefully determine the loan amount, loan term and repayment method after analyzing our expected income trend from our age, educational background, industry prospect of our profession, the nature of our company and other factors, and considering the factors of large future expenditure, and design the repayment plan according to our income level, leaving appropriate room.
2. Choose a good loan bank for mortgage: For borrowers, they can choose their own loan bank to buy existing houses or second-hand houses. The more services provided by mortgage banks, the more detailed they are. You will get flexible and diverse personal financial services, as well as a rich service and product portfolio.
3. Choose the repayment method that suits you best: For every borrower, when signing a loan contract with the bank, you should first understand these repayment methods and determine the repayment method that suits you best, because once the repayment method is agreed in the contract, it is generally not allowed to change it during the whole loan period.
4. The information provided to the bank should be true: to apply for a personal housing commercial loan, the bank generally requires the borrower to provide proof of economic income. For individuals, the true personal occupation, position and recent economic income should be provided. Because if your income doesn't reach a certain level and you don't have enough repayment ability, but you exaggerate your income level, you are likely to default at the initial stage of repayment, and it is confirmed by the bank investigation that you have provided false certificates, which will greatly reduce the bank's trust in you, thus affecting your loan application.