Purchasing a house with a combination loan is generally a combination of provident fund and commercial loan, that is, a combination of two types of loans. Can the prepayment period of the combination loan be changed? To learn more about home loans, let’s take a look below.

1. As long as you choose to repay part of the loan during early repayment, you can change the loan term.

2. For general portfolio loans, you can freely choose which loan to repay first. Due to the high interest rates on commercial loans, many people want to repay the commercial loan first and then repay the provident fund loan.

3. Borrowers generally need to inform the lending institution 15 days in advance when repaying a loan in advance, and must present the original loan contract, bank loan repayment savings card, monthly loan principal and interest statement, personal ID card and other information Submit a written application to the lending institution (for provident fund loans, apply to the housing fund management department, and for bank commercial housing loans, apply to the lending bank), which must be reviewed and approved.

The above is an introduction to whether the early repayment period of portfolio loans can be changed. For details, please consult the relevant institutions.