Can the portfolio loan be repaid in advance?

Yes, you can apply for prepayment for portfolio loans, some of them can apply for prepayment, and commercial loans can also apply for prepayment. Provident fund loans can be repaid in full and on time every month. If a portfolio loan needs to be repaid in advance, it must be repaid 1 month or 1 year after the mortgage repayment, and some commercial loans may be repaid in advance, which is subject to the regulations of the local provident fund management center and the loan commercial bank.

When applying for early repayment after portfolio loans, it is necessary to distinguish between provident fund loans and commercial loans. Because the interest rate of provident fund loans is low, it is not very cost-effective to repay provident fund loans in advance, and buyers can choose to repay commercial loans in advance.

Most banks need to go to the bank outlets in advance to handle the combined loans of commercial bank provident fund loans, and some banks can handle the prepayment business online.

As a supplement to provident fund loans, portfolio loans can meet the needs of many buyers who have provident fund but have insufficient loan amount. When applying for portfolio loans, the amount of provident fund loans is approved by the provident fund management center, and commercial loans are approved by banks, which are completely different.

Portfolio loan, can you pay off the commercial loan in advance?

Portfolio loans can pay off commercial loans in advance.

20 14 "after the central bank issued the policy of" repaying loans but not housing ",it was mainly beneficial to citizens who used portfolio loans and repaid in advance. At present, citizens with provident fund portfolio loans can choose the repayment amount of commercial loans or provident fund loans independently, and no longer need to repay in the same proportion.

Extended data:

Repayment method of portfolio loan:

1. Make full use of provident fund loans and extend the loan term as much as possible.

Compared with commercial mortgage, the loan interest rate of provident fund loan is relatively low, so it is welcomed by many borrowers. If we use the housing provident fund as much as possible when applying for portfolio loans and extend the loan period, it will be of great help to reduce the loan cost.

2. Shorten the term of commercial loans.

Since the interest rate of commercial loans is higher than the interest rate of provident fund loans, borrowers should shorten the term of commercial loans as much as possible and increase the monthly repayment amount of commercial loans as much as possible (within the family's economic tolerance).

3. Withdraw the provident fund to repay the loan

If your monthly repayment structure presents a state of "less provident fund loans and more commercial loans", then after the balance of the provident fund account offsets the monthly repayment of provident fund loans, the remaining balance can offset the commercial loans, which will save a lot of money.

4. Advance payment

If you want to get rid of the status of "house slave" as soon as possible, you can also choose to repay in advance, but in order to save loan interest, you should give priority to commercial loans. However, not everyone is suitable for repaying the mortgage in advance, and everyone should choose according to their actual situation.