2. Two loans need to be released at the same time: since the two loans are approved by different departments, they need to be approved by both departments before they can be released;
3. The interest rate is not necessarily lower than that of pure commercial loans: pure commercial loans can generally be discounted, and then even if the benchmark interest rate of loans changes, this discount will not change. On the contrary, the upward adjustment of commercial loans in portfolio loans will be permanent;
4. Want the same bank: When applying for portfolio loans, you need to go to a designated bank to meet the relevant policy requirements of the two loans, otherwise the down payment ratio and loan interest rate will rise to a certain extent.
These are the reasons why portfolio loans are not good.
Is the repayment of portfolio loan separate?
Portfolio loans are repaid separately, with different repayment methods. Commercial loans are repaid by bank cards. If the user binds the bank card, he will directly deduct the money from the bank card, and repay the provident fund loan directly from the provident fund account. If the account balance is insufficient, it will be deducted through the user's bank card. When the portfolio loan is repaid, the monthly payment is calculated separately, that is, the monthly payment of commercial loans and provident fund loans is calculated separately and merged into the amount that the borrower needs to repay this month. Therefore, the repayment of portfolio loans is out of order.
How to repay the portfolio loan?
Portfolio loans need to establish two independent accounts. Repayment needs to be done separately. Part of the provident fund is free repayment. There will be a minimum repayment amount every month. The monthly repayment amount should be greater than the minimum repayment amount. Partial repayment of commercial loans according to the repayment plan.
Is there a limit for portfolio loans?
Portfolio loans are limited. For portfolio loans, the repayment date, lending date and lending period of the two loans can be different, but the credit line applied for portfolio loans is certain. The combined loan amount is calculated by multiple of the balance of the housing provident fund deposit account, and the maximum multiple is 15 times. This article is mainly about the reasons why portfolio loans are not good, and the content is for reference only.