In the portfolio loans, there are commercial loans and provident fund loans. When repaying the monthly repayments, there is no problem in the order of repayment. Since the interest rates of commercial loans and provident fund loans are different, when repaying a mortgage, the monthly payments of the two loans need to be combined and repaid together.

Precautions for portfolio loan repayment

(1) Apply for a loan amount within your ability

When applying for a portfolio loan, you must be clear about your financial situation Strength and repayment ability, and you must also estimate your future funding situation based on your current income, etc., so that you can determine the amount, term, etc. of the loan based on your own conditions. If you do not accurately estimate your ability, you will encounter trouble in future repayments.

(2) When applying for a mortgage, you must choose a good loan bank

When applying for a combination loan to buy a house, you can choose your own bank. When choosing a bank, the more and more detailed the bank's services are, the more flexible personal financial services you will get, and you will be able to enjoy a richer variety of products and services.

(3) Choose the repayment method that best suits you

For each borrower, when signing a loan contract with the bank, you must first understand these repayment methods. Understand it and determine the repayment method that suits you best, because once the repayment method is agreed in the contract, it generally cannot be changed during the entire loan period.

(4) The information provided to the bank must be true

When applying for a portfolio loan, banks usually require applicants to provide proof of income. At this time, home buyers should provide the bank with their true personal circumstances, which to some extent avoids defaults caused by exaggerated financial capabilities. And if the personal information provided is not true enough, it will affect the individual's creditworthiness in the bank, thereby affecting the loan.

(5) The address provided by the borrower must be accurate and timely

The correct address provided by the borrower to the bank will make it easier for the bank to contact him and receive the bank's mail on time every month. Repayment Notice. If the People's Bank of China adjusts the loan interest rate, you will receive an interest rate adjustment notice from the bank at the beginning of the year. Borrowers are particularly reminded that when you move to a new home, you must promptly inform the lending bank of your new contact address and contact information. Otherwise, if the borrower fails to receive relevant notices from the lending bank, it will cause unnecessary trouble.

(6) Repay the loan on time every month to avoid penalty interest

For borrowers, once they sign a loan contract with the bank, they should pay the first loan within one month of signing the contract. The full amount of the monthly repayment will be deposited into your designated repayment account for bank deduction. Since you have entered the repayment period starting from the next month when the loan is issued, you should entrust the lending bank with the agreed repayment date every month. The money will be automatically deducted from your deposit account or credit card account. For borrowers, you must pay attention to whether there are enough funds in your repayment account before the monthly agreed repayment date to prevent being defaulted by the bank due to your own negligence. Penalty interest.