Combined provident fund refers to a kind of loan method which is a mixture of provident fund loan and commercial loan, and its repayment is also separate, that is, the lender has a provident fund account and a commercial loan account respectively. Provident fund loans are deducted from the user's provident fund account. You can choose annual repayment or monthly repayment, both of which are automatically deducted by the system. If the balance of the provident fund account is insufficient, it is necessary to charge the difference into the loan repayment bank card in advance. The commercial loan is that the bank deducts money from the bank card bound by the user on the monthly repayment date, so the borrower must ensure that the balance of the two accounts is sufficient.

Which is better, provident fund loan or portfolio loan?

1. Pure provident fund loan refers to the personal housing loan that the provident fund center entrusts a commercial bank to issue to the housing provident fund depositors who use the housing provident fund funds to buy self-occupied housing.

2, provident fund portfolio loan refers to the provident fund center using housing provident fund funds, commercial banks using self-operated funds, for the same borrower to buy self-occupied housing, use the same collateral, use the same loan period, the implementation of different loan expected annualized interest rates of personal housing loans, it is a combination of policy personal housing loans and commercial personal housing loans.

3. As for pure provident fund loans or combined provident fund loans, there is no clear statement, depending on the actual situation. However, it is particularly important to note that after choosing a portfolio loan, it cannot be converted into a pure provident fund loan.

What is the difference between provident fund loans and portfolio loans?

1, loan amount. The difference between provident fund loan and mortgage loan is the most obvious. The amount of provident fund loan in Beijing is10.2 million yuan. If you want to buy more houses than this, it is easy to choose a portfolio loan, that is, you can apply for a commercial loan for the part other than the provident fund loan.

2. Loan interest rate. The loan interest rate of pure provident fund is implemented according to the current loan interest rate of provident fund; In portfolio loans, commercial loans are implemented at the commercial loan interest rate, and provident fund loans are implemented at the provident fund loan interest rate. The pure provident fund loan amount is not enough but the interest rate is low, and the pure commercial loan amount is enough. Portfolio loan is a compromise.

3. Lending speed. In fact, there is not much difference in the lending speed between provident fund loans and portfolio loans, which is about two to three months.

4. Down payment ratio. At present, most cities have reduced the down payment ratio of the first home provident fund loan to 20%; The down payment ratio of portfolio loan is 30%.

5. Loan requirements. The requirements for provident fund loans vary slightly from place to place, but one thing is basically the same, that is, the provident fund must be paid in full and on time for 6 months or more; Customers applying for portfolio loans need to meet the requirements of both provident fund loans and commercial loans.

Provident fund loans and portfolio loans are common loan methods. No matter which loan method you choose, you should handle it according to your actual situation.