With more and more people buying houses, many people will apply for loans to buy houses, but many people will choose provident fund loans if they have provident fund, but if the amount of provident fund is not enough, they will combine loans. Can the combined loan term be different?

Can the combined loan term be different?

According to the regulations of the bank, individual housing portfolio loan refers to a specific loan portfolio formed by the bank while employees who pay the housing provident fund in full and on time purchase, build and overhaul all kinds of houses. The loan amount, term and interest rate shall be implemented in accordance with the provisions of provident fund personal housing loans and commercial personal housing loans respectively. Therefore, the loan life of portfolio loans can be different.

Portfolio loans are divided into commercial loans and provident fund loans. However, after the borrower applies for a portfolio loan, the commercial loan and the provident fund loan are repaid separately, and both loans can be repaid in advance. If the borrower thinks that the interest on commercial loans is high, he can pay off the commercial loans in advance.