Portfolio loan is an embarrassing existence for buyers or banks. Property buyers can't solve the problem with a single loan and apply for a portfolio loan from the bank; Because portfolio loans are troublesome, banks are generally reluctant to accept applications from buyers.
How should the portfolio loan be repaid? Which one should I return first?
There are commercial loans and provident fund loans in portfolio loans, and there is no problem of repayment order when repaying on a monthly basis. Because the interest rate of commercial loans is different from that of provident fund loans, the monthly supply and demand of the two loans will be combined when repaying mortgage loans.
Must the repayment of "portfolio loan" be made by the same bank?
As we all know, using real estate as loan collateral, real estate can only be mortgaged once and mortgaged to the bank. Therefore, banks should use clothes hangers to apply for portfolio loans.
Since most banks handling provident fund loans are cooperative banks designated by the provident fund management center, they must also go to the same bank when repaying.
What's the interest rate for portfolio loans?
When the state introduces policies, commercial loans or provident fund loans are often supervised separately. Because the interest rates of commercial loans and provident fund loans are very different, the interest when we repay the loan is also calculated separately.
After the central government cut interest rates five times, the current commercial loan interest rate is at least 4.9%, and the provident fund loan interest rate is at least 3.25%. If the buyer is buying the first suite, most banks can give a minimum interest rate discount of 85%, that is, 4. 165%. If you are a second-time home buyer, you need to increase 10% on the basis of the benchmark interest rate when using the portfolio loan.
For example, in Chongqing, the current minimum interest rate for commercial loans is 4. 17%, and the minimum interest rate for provident fund loans is 3.25%.
If you want to repay in advance, can you repay the commercial loan first?
Although commercial loans and provident fund loans involve two institutions, if you choose to repay in advance, it is entirely up to you to choose whether to repay commercial loans or provident fund loans first. However, Xiao Nan reminds you that before you decide to prepay, you should first ask the applicant bank about the relevant terms of prepayment and whether you need to pay liquidated damages.
Can I withdraw commercial loans from the balance in the provident fund account?
Of course. The money in the provident fund account can be freely used by the payer. Therefore, everyone who pays the provident fund can safely withdraw the provident fund and repay the commercial loan.