1. Pay attention to whether you are suitable for a combination loan

A combination loan is only suitable for home buyers who have continuously paid provident fund in full. Because this loan involves a provident fund loan, it is not suitable for the applicable objects. There are certain restrictions.

2. The terms of commercial loans and provident fund loans must be consistent

Most banks require that when borrowers apply for portfolio loans, when setting the loan term, the terms of commercial loans and provident fund loans must be consistent. , because this makes it easier for banks to handle collateral.

3. For early repayment, you should repay the commercial loan first

Customers who have applied for a combination loan and want to repay early are best to repay the commercial loan first, because this loan has The interest rate is higher than that of provident fund loans, which can save loan costs.

4. Procedural Conditions Restrictions

The bank handling the application must be designated by the Provident Fund Management Center, which imposes a certain degree of restrictions on the choice of banks, loan products and repayment methods for home buyers.

5. The processing time of portfolio loans is longer and the process is more complicated

Because portfolio loans involve both provident fund and commercial loans, two review procedures are required, and commercial loans The loan part requires the mortgage registration before the bank can issue the loan after seeing other rights certificates. This also makes the processing process of the portfolio loan longer than that of pure commercial loans and pure provident funds. As a result, many owners have low acceptance of this loan method, and in In terms of loan processing fees, since portfolio loans require separate service fees for provident funds and commercial loans, borrowers may incur additional expenses when applying for portfolio loans compared with commercial loans.

Process for applying for a portfolio loan

1. Apply for a loan: The borrower arrives with a copy of the house purchase contract and the developer’s house sales license, ID card, housing provident fund savings card, and seal. The Real Estate Credit Department of China Construction Bank in each district and county applies for a housing provident fund loan (if you use a housing provident fund loan for both spouses, you must also bring a marriage certificate or other proof of the relationship between the couple) and fill out the "Individual Housing Provident Fund Loan (Package) Loan Application".

2. Bank review: The lending bank will assess whether the borrower meets the loan conditions based on the information provided by the borrower, calculate the loan amount, and determine the loan term.

3. Sign a loan contract: After the lending bank reviews the borrower's application, the borrower signs a loan contract and a mortgage contract with the bank (sign a pledge contract without house guarantee).

4. Handle loan guarantee procedures: There are two guarantee methods for handling housing provident fund loans (combination loans). Borrowers can choose any of them according to their actual situation. It can be mortgaged with its own, privately owned or third-party properties. It can also be pledged with securities recognized by the lending bank such as treasury bonds and bank time deposit certificates. The securities held by the borrower are handed over to the lending bank for safekeeping.

5. Apply for housing mortgage insurance: After the borrower goes to the property rights department to complete the mortgage or pledge procedures, he will borrow money together with the loan contract, mortgage contract (pledge contract), other property rights certificates, mortgage certificates, etc. Submit the information to the lending bank for house insurance procedures.

6. Signing a repayment agreement and transferring funds: If repayment is made through savings card withholding, the borrower should go to a CCB savings outlet to apply for repayment withholding on a savings card, and sign a withholding agreement with the lending bank. If the unit is entrusted to withhold the repayment, the unit shall sign an agreement with the lending bank.

7. Bank transfer: The borrower goes to the lending bank to go through the payment procedures at the time agreed with the lending bank, and the lending bank transfers the money to the selling unit; loans for repairing and building houses, borrowing money The person withdraws according to the loan contract.