Provident fund and commercial loan are combined loans, and the interest between them is different and does not affect each other.

To apply for a portfolio loan, the preliminary examination procedure is the same as that of a provident fund loan. After passing the preliminary examination, when the borrower goes to the bank to handle other procedures for provident fund loans, he should fill in the application form for commercial loans and go through relevant procedures as required by the bank.

After the two loans are approved, the bank will allocate them to the account of the sales unit at the same time. In portfolio loans, the loan term, loan date and repayment date of provident fund loans and commercial loans are the same, but different interest rates are implemented.

Loan advantages of provident fund loans

1, the convenience and processing time are similar.

2. General commercial loans have no loan ceiling or the ceiling is very high. Borrowers can directly apply for a relatively high loan amount. Housing provident fund loans have an upper limit, but the demand for high-amount loans can be solved by portfolio loans.

3. Commercial loans have a wide range of loan targets, while housing provident fund loans are generally targeted at depositors of housing provident fund.

The advantages of commercial loans are less restrictive conditions and various repayment forms. Commercial loans have no restrictions on whether the lender pays the housing provident fund. As long as the down payment reaches the proportion required by the bank and the credit line is good, the application procedure is relatively simple.