How to apply for a portfolio loan
1 Sign the contract
After obtaining the personal housing loan quota of the provident fund, the borrower applies for a portfolio loan from the loan bank with the "Notice of Entrustment of Personal Housing Loan of the Provident Fund" issued by the provident fund management department. After receiving the notice that the bank agrees to the loan, the customer needs to sign a loan contract and a guarantee contract with the loan bank respectively for the provident fund personal housing loan and the self-owned account housing loan, and notarize the contract as appropriate.
2. Handle mortgage loans and insurance.
After the contract is signed, necessary procedures such as mortgage registration and insurance shall be handled in accordance with national and local laws and regulations. Mortgage registration and insurance fees shall be borne by the borrower, and the original insurance policy shall be kept by the loan bank during the mortgage period.
Step 3 open an account
Customers who choose to entrust deduction for repayment should open a special savings passbook account, savings card or credit card account in the loan bank. At the same time, the seller shall open a special deposit account in the loan bank.
4. Sign the repayment agreement
If the borrower uses a savings card to withhold repayment, it shall go to the savings outlets to handle the repayment withholding savings card and sign a withholding agreement with the loan bank, and the entrusting unit shall sign an agreement with the loan bank.
5. Bank remittance
The borrower goes to the loan bank to handle the payment formalities according to the time agreed with the loan bank, and the loan bank transfers the money to the house selling unit, and the borrower withdraws it according to the loan contract.
6. Repayment on schedule
The borrower shall repay the provident fund personal housing loan and bank housing loan on schedule according to the repayment plan and repayment method agreed in the loan contract. At present, there are two repayment methods: entrusted bank deduction and counter repayment.