The undertaking bank will apply to dispose of the mortgaged property. If the terms set by the two are inconsistent, there will be a situation that "one loan is due and the other loan is not due".
Personal housing portfolio loan means that borrowers who meet the conditions of personal housing commercial loans and pay housing provident fund at the same time can apply for personal housing provident fund loans at the same time.
And the borrower can apply for personal housing provident fund loans and personal housing commercial loans from the bank at the same time with the purchased urban self-occupied housing (or other guarantee methods recognized by the bank) as collateral.
With the deepening of the reform of the housing system, the awareness of personal housing loans of banks is also increasing. A combined personal housing guarantee loan consisting of housing provident fund loans and commercial loans.
It has become the need of China's housing finance development to establish a good housing finance system and implement a housing finance development strategy that pays equal attention to policy and commerce. Personal housing portfolio loan generally refers to the combination of housing provident fund loan and housing commercial loan.
If the employee's housing provident fund loan amount can't meet the needs and is less than 80% of the purchased house price, he can apply for a personal housing commercial loan, and the total amount of the two loans does not exceed 80% of the house price, which is a combined loan. Only employees who have paid the provident fund can apply for portfolio loans.
Extended data:
Loan management
Individual housing portfolio loans are jointly managed by the housing provident fund management center and the entrusted bank, and both parties bear risks and enjoy rights and interests according to the proportion of portfolio loans;
The borrower opens a deposit account in the bank to repay the loan, and deposits the repayment amount of the current month before the 20th of each month, and the bank will deduct the principal and interest of the housing provident fund loan and the commercial loan respectively;
In loans overdue (repayment is not made at the agreed time), both parties shall jointly collect the money; If the borrower applies for early repayment of the loan, it shall repay the loan in advance according to the proportion of the balance of the provident fund loan and the commercial personal housing loan in the month of application.
Shall not return provident fund loans and commercial personal housing loans separately in advance; When the borrower fails to fulfill the repayment obligation, the bank will dispose of the collateral according to law, and both parties will be compensated in proportion to the loan and bear the expenses.
The situation in China
With the deepening of the reform of the housing system, the awareness of personal housing loans of banks is also increasing. A combined personal housing guarantee loan consisting of housing provident fund loans and commercial loans.
It has become the need of China's housing finance development to establish a good housing finance system and implement a housing finance development strategy that pays equal attention to policy and commerce. This has also created conditions for ordinary people to buy a house, which has been welcomed by many individual property buyers, especially the working class.
Because the housing provident fund loan in portfolio loan is a policy loan, its interest rate is the lowest among all kinds of individual housing loans, so it can reduce the debt repayment burden for buyers, especially for long-term loans of more than 5 years.
Take the six-year term as an example: the annual interest rate of the provident fund loan is 4.59%, the monthly repayment amount is 795.75 yuan, and the accumulated principal and interest is 57,294 yuan. The annual interest rate of personal residential loans of banks is 5.58%, and the monthly repayment amount is 878.75 yuan.
Accumulated repayment of principal and interest is 58,950 yuan, which is 1.656 yuan more than the provident fund loan. However, housing provident fund loans in most parts of China are still difficult to meet the demand for individual housing loans.
This is because China has implemented the housing provident fund system for a short time, and the accumulation of individual housing provident fund for employees in various places is less. Because some difficult enterprises have not found a fundamental way out of the predicament, it has affected the normal payment of housing provident fund.
Baidu Encyclopedia-Personal Housing Portfolio Loan