The first month of portfolio loan is usually cash repayment, that is, the cardholder charges the money into the repayment bank card, and then the bank deducts the corresponding monthly payment from the repayment bank card on the repayment day of the first month to complete the repayment. It is worth noting that even if you apply for provident fund loan repayment business when handling portfolio loans, you will generally not use provident fund repayment in the first month of repayment, and most of them will start repayment from the next month.

If you don't apply for provident fund to repay the loan, then the repayment is naturally to charge the borrower's own cash into the card. Customers want to use the provident fund to repay the loan, they have to take the initiative to apply. If you don't apply, the bank will not automatically deduct the provident fund from the customer's provident fund account to repay the loan.

If you apply for provident fund repayment, you should also pay attention. Generally, the provident fund loan part of the portfolio loan is paid first, and then the commercial loan part is paid off.

What are the precautions for buying a house with a portfolio loan?

1. Only provident fund depositors can apply for portfolio loans: portfolio loans mainly refer to commercial loans plus provident fund loans, so if buyers want to apply for portfolio loans, they need to pay the provident fund in full and on time at the place where they purchase, and the provident fund account is still in a normal payment state.

2. Make full use of provident fund loans: When applying for portfolio loans to buy a house, buyers must give priority to making full use of their own provident fund loans, extend the loan term as much as possible, and substantially shorten the commercial loan term, so as to reduce the monthly repayment amount and save the loan cost.

3. Commercial loans should be repaid in advance: for buyers who use portfolio loans to purchase houses, if they want to repay in advance, they must give priority to commercial loans, because the loan interest rate of commercial loans in portfolio loans is higher than that of provident fund loans. If the commercial loan is paid off first, the borrower can save a lot of mortgage interest.

4. Determine the loan amount: When buyers apply for portfolio loans, once the provident fund loan amount is determined, it cannot be changed. Therefore, when applying, buyers must go to the provident fund management center to inquire about the maximum loan amount and determine the final loan amount according to their own situation. The maximum loanable amount of portfolio loans is determined by two aspects, namely, the maximum amount of provident fund loans and the maximum amount of commercial loans. The lower of the two is the final loanable amount of the portfolio loan.