Repayment method of portfolio loan
1. In the portfolio loan, the provident fund loan part adopts the repayment method without compensation, and the commercial loan part adopts the repayment method recognized by commercial banks. If you have a lot of money in your provident fund account, you can sign the monthly transfer repayment withholding business. When you pay back every month, you will first transfer the money through the provident fund account and deduct it from your bank repayment passbook when the account amount is insufficient.
2. Commercial loans can also automatically deduct the money in the bound repayment account every month, so the insurance method is to deposit enough money in your repayment account in advance every month.
3. If the borrower prepays, he can voluntarily choose to prepay any part of the loan, whether it is a provident fund loan or a commercial loan.
4. The overdue deduction of housing provident fund loans and commercial loans in portfolio loans shall be implemented in accordance with the respective regulations and standards of provident fund management departments and commercial banks.
Compared with provident fund loans, commercial loans not only account for a higher proportion, but also have much higher loan interest. For the majority of property buyers, if the commercial loans can be repaid first, the pressure brought by the remaining provident fund loans will be much less and the interest will be much reduced. However, it should be noted that early repayment must be repaid with your own savings. If you use the provident fund, you can only repay the provident fund loan.