What is a portfolio loan? In fact, it is a combination loan of "provident fund loan+commercial loan". When employees who meet the conditions of Changsha housing provident fund loan purchase self-occupied ordinary housing, the insufficient part of the provident fund loan is supplemented by commercial loans.
According to Changsha Housing Provident Fund Individual Housing Portfolio Loan Management Measures, the total amount of portfolio loans shall not exceed 80% of the purchase price, of which the housing provident fund loan amount shall be determined by Changsha Housing Provident Fund Management Center and the individual housing loan amount of commercial banks shall be determined by commercial banks. The term of the portfolio loan is voluntary, with the shortest term of 1 year (inclusive) and the longest term of 30 years, which shall not exceed the period from the date when the borrower handles the loan to the statutory retirement age of the country.
The person in charge of the relevant office of Changsha Housing Provident Fund Center said that portfolio loan is a new business launched by Changsha Housing Provident Fund Management Center in the second half of this year, mainly to solve the problem of tight housing funds for employees and provide better and more convenient financial services for paid employees. At present, the benchmark interest rates for commercial loans and provident fund loans are 4.90% and 3.25% respectively.
(The above answers were published on 2016-12-13. Please refer to the actual situation for the current purchase policy. )
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