A portfolio loan refers to a borrower who meets the conditions for a personal commodity housing loan and at the same time pays the housing provident fund to meet the provident fund loan requirements. In addition, when applying for a personal housing commercial loan, you can also apply for a personal housing provident fund loan. This method of purchasing a house is called a combination loan. The provident fund loan of the portfolio loan is subject to the personal housing provident fund loan interest rate, and the commercial loan part of the portfolio loan is subject to the personal housing commercial loan standards of the lending bank.

So what are the advantages of portfolio loans?

1. Separate interest calculation

Combined loan means that the housing loan is divided into two parts, one part is a provident fund loan, and the remaining part is a commercial loan, and the loan interest is calculated separately Yes, everyone knows that the interest rate of provident fund loans is relatively low. Calculated in this way, the overall interest of the portfolio loan will be much lower than applying for a commercial loan.

2. The loan amount is relatively high

Some home buyers meet the conditions for provident fund loans, but when they apply for a loan to buy a house and switch to a combination loan, it may be Because the loan limit is not enough, you must know that there is a maximum limit on provident fund loans. The embarrassment of insufficient provident fund loan amount can be solved by using a combination loan. A combination loan is a loan method that integrates provident fund loans and commercial loans. You can apply for a commercial loan for the insufficient loan part.

What should I pay attention to when applying for a portfolio loan?

1. Pay attention to loan conditions

Different loan methods have different loan regulations. Applying for a portfolio loan also needs to meet certain conditions, because the portfolio loan is a combination of provident fund loans and commercial loans. Combination, so applying for a combination loan needs to meet the regulations of the Provident Fund Management Center and the requirements of the lending bank. Most cities stipulate that housing provident funds must be paid continuously for more than one year in order to meet the provident fund loan standards. As far as banks are concerned, they need to have sufficient repayment ability to successfully apply for a combination loan.

2. Pay attention to the repayment method

First of all, the home buyer must use the maximum amount of the provident fund loan, so that it can be more cost-effective. Secondly, the loan method can be chosen, and the repayment The method can also be chosen. Currently, there are two main repayment methods to choose from, one is equal principal repayment, and the other is equal principal and interest repayment recommended by the bank. These two methods are suitable for different people buying houses. If you have a relatively high income, a stable job, and do not want to repay too much loan interest, you can choose the equal principal repayment method.

3. Be careful with early repayment

Many home buyers will have the idea of ??repaying early after taking out a loan to buy a house. Buyers who apply for a combination loan to buy a house must pay attention. You can repay the loan in advance, but you must clearly distinguish between the provident fund loan and the commercial loan part. It is not cost-effective to repay the provident fund loan in advance. Home buyers can choose to repay the commercial loan part in advance.