Basic process of portfolio loan
1, loan consultation. Understand the demand for commercial loans in portfolio loans through various channels, and then communicate with the provident fund management center to see if it meets the requirements. If it meets the requirements, you can proceed to the next step.
2. Apply for a loan. Eligible customers prepare materials according to the requirements of the two places, and they can go to handle them after the materials are complete.
3. sign the contract. The Provident Fund Management Center will review the materials submitted by customers and get the quota after it is correct. At this point, the customer can apply for a portfolio loan from the bank with this certificate, and then sign a contract.
4. Loan issuance. After meeting the requirements, the provident fund management center and the bank will issue loans according to the contract respectively.
Advantages of portfolio loan
1. Separate interest calculation
Portfolio loan means that mortgage is divided into two parts, one is provident fund loan, the other is commercial loan, and the loan interest is calculated separately. As we all know, the interest rate of provident fund loans is relatively low, so the overall interest of portfolio loans will be much less than that of applying for commercial loans.
2. The loan amount is relatively high.
Some property buyers meet the conditions of provident fund loans, but when applying for loans to buy a house, they will use portfolio loans, probably because the loan amount is not enough. You should know that there is a maximum amount of provident fund loans. The use of portfolio loans can solve the embarrassment of insufficient provident fund loans. Portfolio loan is a combination of provident fund loan and commercial loan. If the loan is insufficient, you can apply for commercial loan.