The money in the provident fund of the portfolio loan can be exchanged for commercial loans, but it should be noted that the provident fund offset loan follows the provident fund priority principle. When applying for a portfolio loan, the initial review procedures are the same as those for provident fund loans. After passing the preliminary review, when the borrower goes to the bank to handle other procedures for a provident fund loan, he must fill in the loan application form for the commercial loan part according to the bank's requirements and go through the relevant procedures. After the two parts of the loan are approved, the bank will allocate it to the account of the house seller.

Can I combine loans to buy a house?

1. Personal housing portfolio loans refer to borrowers who meet the conditions for personal housing commercial loans and also pay housing provident funds. You can also apply for a personal housing provident fund loan while taking a commercial housing loan. This is generally used when the personal loan exceeds the local provident fund loan limit.

2. The total of provident fund personal housing loans and bank self-operated personal housing loans is up to 80% of the sales price or appraised value of the purchased house (whichever is the lower), of which provident fund personal housing loans The maximum loan amount must be implemented in accordance with the relevant regulations of the local housing fund management department, and the maximum loan period is 30 years.

3. Personal housing portfolio loans are jointly managed by the Housing Provident Fund Management Center and the entrusted bank. Both parties bear risks and enjoy rights and interests in proportion to the portfolio loan. If the borrower fails to fulfill his repayment obligations, the bank will When the collateral is disposed of in accordance with the law, both parties will be reimbursed and bear costs in proportion to the loan. The higher the default dependence, the greater the potential risk loss of the loan portfolio.

What is the repayment method of portfolio loan?

1. In the portfolio loan, the provident fund loan part adopts the free repayment method, 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 a monthly transfer and repayment withholding business. When repaying each month, you will first repay it through transfer from your provident fund account. When the account amount is insufficient, you can then deduct the repayment deposit discount through your bank;

2. Commercial loans can also automatically deduct the money from the bound repayment account on a monthly basis, so the insurance method is to deposit enough money in your repayment account in advance every month.

3. If the borrower repays the loan in advance, he or she can voluntarily choose to repay any part of the loan in advance, either a provident fund loan or a commercial loan.

4. Overdue deductions for the housing provident fund loan part and the commercial loan part of the portfolio loan shall be implemented in accordance with the respective regulations and standards of provident fund management and commercial banks.

5. Compared with provident fund loans, commercial loans not only account for a higher proportion, but the loan interest is also much higher. For the majority of home buyers, if they can repay the commercial loan part first, the pressure caused by the remaining provident fund loan part will be relatively less, and the interest will also be reduced a lot. However, it should be noted that early repayment must be paid with your own savings. If you use provident fund, you can only repay the provident fund loan part.