Portfolio loans are not lent together, and the lending time of portfolio loans is separate. Commercial loans will only be issued after the provident fund loans are issued. The handling banks of portfolio loans may not be in the same company, but they need to go through the formalities together.
Usually, after the provident fund loan is approved in the first instance, the loan application form for commercial loan is filled in and the formalities are completed according to the requirements of the bank.
Portfolio loan process:
The procedures for purchasing commercial housing and applying for individual housing provident fund loans (portfolio loans) can be divided into five steps:
Step 1: Apply for a loan at the loan bank.
The borrower holds a copy of the house purchase contract and the developer's house sales license, ID card, housing provident fund savings magnetic card and seal (marriage certificate or other proof of husband-wife relationship is required for couples to use housing provident fund loans) to apply for housing provident fund loans to the real estate credit departments of CCB in all districts and counties, and fill out the Application Form for Individual Housing Provident Fund Loans (Combined Loans).
Step 2: Bank audit
According to the information provided by the borrower, the loan bank examines whether the borrower meets the loan conditions, calculates the loan amount and determines the loan term.
Step 3: Sign a loan contract with the loan bank.
After the loan bank examines the borrower's application, the borrower signs a loan contract and a mortgage contract with the bank (signing a pledge contract without housing guarantee).
Step 4: Go to the property right department to handle the loan guarantee procedures.
There are two ways to guarantee housing provident fund loans (portfolio loans), and borrowers can choose either one according to their actual situation.
1. The borrower can mortgage its own, joint or third-party property.
To purchase commercial housing and affordable housing (with property right certificate) and mortgage the purchased housing, you should hold the borrower's ID card, original prepayment receipt, seal, loan contract and mortgage contract, fill out the Registration Form of Other Rights of Tianjin Housing and affix the seal of the borrower (mortgagor) and loan bank (mortgagee), and then go to the real estate management department where the house is located to handle other rights of the house.
If the borrower mortgages the house by auction (without obtaining the property right certificate), he shall apply for the "Tianjin Real Estate Mortgage Certificate" with the above materials to the property right management department of the county-level real estate administration where the house is located.
2. Pledge the securities recognized by the lending bank, such as treasury bonds and bank time deposit certificates, and the borrower will hand over the securities to the lending bank for safekeeping.
Step 5: Go through the formalities of housing mortgage insurance.
After the borrower completes the mortgage or pledge formalities in the property right department, it shall submit the loan information together with the loan contract, mortgage contract (pledge contract), house ownership certificate and mortgage certificate to the loan bank for household insurance procedures.
Step 6: Sign the repayment agreement and transfer money.
If repayment is made by withholding savings card, the borrower shall go to the savings outlets of CCB to apply for withholding savings card repayment, and sign a withholding agreement with the lending bank. Where the entrusting unit withholds repayment, the unit shall sign an agreement with the loan bank.
Step 7: Bank Transfer
The borrower shall go to the loan bank to handle the payment formalities according to the time agreed with the loan bank, and the loan bank will transfer the money to the selling unit; The borrower shall withdraw the loan for repair and construction as agreed in the loan contract.