Portfolio loan is a combination of commercial loans and provident fund loans, which can solve the problem of insufficient provident fund loans to buy a house. Of course, because the interest rate of commercial loans is higher than that of provident fund loans, many property buyers want to give priority to the use of provident fund for commercial loans, so can portfolio loans withdraw provident fund to repay commercial loans?
Can the combined loan withdraw the provident fund and repay the commercial loan?
The combined loan provident fund can be used to withdraw the provident fund to repay commercial loans, but the prerequisite for the provident fund to repay commercial loans is that the provident fund loan must be repaid first, and there is still a balance after the repayment of the provident fund loan, which can be used to repay commercial loans. However, the rules for repayment of commercial loans by provident funds in different regions are different. Consult the local housing provident fund management center for details.
Taking Wuhan as an example, the repayment of housing portfolio loan (first suite) can be processed after 6 months of normal repayment, and then it can be withdrawn every 36 months. The accumulated withdrawal amount shall not exceed the amount of personal housing commercial loans. The details are as follows:
(1) Employees and spouses meet the requirements of the first suite;
(2) The housing provident fund portfolio loans handled by employees and their spouses in this city have been paid normally and repaid for more than 6 months (inclusive);
(3) The employee's current provident fund loan is not overdue;
(4) It will take 36 months for employees and their spouses to withdraw the provident fund and return the commercial loans in the portfolio loan, counting from the last time I handled this withdrawal business.
2. Can the balance of the combined loan provident fund offset the commercial loan?
There are two ways to deduct the provident fund: monthly income and annual income. As the name implies, the monthly fee is the annual fee, that is, the balance in the provident fund account can be collected as the principal in one lump sum in April and September each year.
A good year, it's all principal.
Most of the monthly interest has been paid back.
3. Can the balance of Changchun joint loan provident fund offset commercial loans?
can
The balance of the combined loan provident fund can be used to repay commercial loans, but it should be noted that the principle of giving priority to the provident fund is applied when the provident fund is used to offset loans. After applying for a portfolio loan, the lender may apply to use the funds in his housing provident fund account to repay the loan directly.
4. Can portfolio loans be offset by the balance of provident fund against commercial loans?
1. Portfolio loans can use the remaining provident fund to repay commercial loans. This way belongs to provident fund repayment, that is, the borrower's provident fund balance is used to repay housing loans, including commercial loans and portfolio loans. Second, portfolio loans, that is, borrowers who meet the conditions of personal housing commercial loans, can also apply for personal housing provident fund loans, that is, borrowers can apply for personal housing provident fund loans and personal housing commercial loans at the same time with urban self-occupied housing (or other guarantee methods recognized by banks) purchased in this city as collateral. 3. There are two repayment methods for provident fund loans: 1. One-time repayment method: the principal of housing loan is withdrawn from the entrusted bank once a year, and the monthly repayment amount is recalculated according to the remaining loan principal and repayment period after repayment. After one-time repayment, you need to use the money in the MPF account for monthly repayment. 2. Monthly repayment method: refers to the method of directly withdrawing the loan principal and interest of the current month from the customer's provident fund account every month. In case of withdrawal, the customer should make up the repayment amount in time. This way can not only offset the principal and interest of provident fund loans, but also offset the principal and interest of commercial loans.