The remaining money of the combined loan provident fund should refer to the balance in the provident fund account, which can be used to hedge the repayment of the mortgage. The money in the provident fund account can only be used to repay provident fund loans, not commercial loans. Unless, users use their own money to repay the mortgage, then they can choose which part of the loan to repay first.

Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.

Provident fund loans refer to individual housing provident fund loans, which are issued by local housing provident fund management centers. With the housing provident fund paid by employees who apply for provident fund loans, commercial banks are entrusted to issue mortgage loans to housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who pay housing provident fund during their working life. According to the regulations, employees who have paid housing provident fund for a certain number of years or more (the number of years varies from city to city, such as 12 months or more in Changsha) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient.

The loan conditions are: the employees of the unit have signed labor contracts for more than three years (or signed 1 year labor contracts for three consecutive years); Normal continuous monthly housing provident fund deposit exceeds a certain period; Not exceeding the statutory retirement age; The borrower has a stable economic income and the ability to repay the principal and interest; The borrower agrees to handle the mortgage registration and insurance; Provide the guarantee method agreed by the local housing provident fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, real estate license, land use certificate, deposit certificate of provident fund, etc.

Letter of credit clause

1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans.

2. If you participate in the housing provident fund system, you must also meet the following conditions to apply for a housing provident fund personal housing loan: that is, you must pay the housing provident fund continuously for not less than 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.

3. If one of the husband and wife has applied for a housing provident fund loan, both husband and wife shall not obtain a housing provident fund loan again before paying off the principal and interest of the loan. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.

4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.

5. The term of the provident fund loan shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.

Can portfolio loans repay commercial loans in advance?

Portfolio loans can pay off part of commercial loans in advance. The provident fund loan funds in the portfolio loan are issued by the provident fund management center, while the commercial loan funds are issued by the bank, which is only the part of the provident fund loan entrusted by the provident fund management center. These are two relatively independent parts. You can choose to pay off the provident fund loan part or the commercial loan part in advance.

Portfolio loan refers to the borrower who meets the conditions of personal housing commercial loan. While applying for personal housing commercial loan, he can also apply for personal housing provident fund loan, that is, the borrower can purchase urban self-occupied housing (or other guarantee methods recognized by the bank) as collateral, and at the same time apply for personal housing provident fund loan and personal housing commercial loan from the bank.

Loan portfolio is a way for banks to distribute credit risks by granting loans to more than two debtors under the constraint of limited total loans. Due to macro factors such as industry characteristics and business cycle, and micro factors such as the correlation of business activities among enterprises, the correlation of default in loan portfolio is characterized by cycle correlation and risk dispersion. The higher the default dependence, the greater the potential risk loss of the loan portfolio.

Personal housing portfolio loan refers to the borrower who meets the conditions of a bank's personal housing commercial loan and pays the housing provident fund at the same time. While handling commercial loans for individual housing, you can also apply to the bank for personal housing provident fund loans. That is, the borrower takes the purchased urban self-occupied housing in this city as collateral, and the bank issues personal housing loans to the same borrower at the same time to purchase the same set of self-occupied ordinary commodity housing, which is a general term for policy and commercial loan portfolios.

That is, provident fund loans and commercial loans are used at the same time, generally only when personal loans exceed the local maximum amount of provident fund loans.

Buying a high-end house requires a loan of 500,000 yuan, while the local provident fund management center stipulates that the maximum loan for the provident fund is 400,000 yuan. In this case, the remaining 654.38 million yuan is used for commercial loans, and the interest cannot enjoy the interest of provident fund loans.

Portfolio loan is a loan issued by the housing fund management department to the same borrower by using policy housing funds and commercial banks by using credit funds. It is the general name of policy loan and commercial loan portfolio. When individuals can't pay the purchase price through provident fund loans, they can apply for portfolio loans from the handling bank entrusted with provident fund loans.

Can the combined loan withdraw the provident fund and repay the commercial loan? Conditions for withdrawal of provident fund and repayment of commercial loans

Portfolio loan is a combination of commercial loans and provident fund loans, which can solve the problem of insufficient provident fund loans to buy a house. Of course, because the interest rate of commercial loans is higher than that of provident fund loans, many property buyers want to give priority to the use of provident fund for commercial loans, so can portfolio loans withdraw provident fund to repay commercial loans?

Can the combined loan withdraw the provident fund and repay the commercial loan?

The combined loan provident fund can be used to withdraw the provident fund to repay commercial loans, but the prerequisite for the provident fund to repay commercial loans is that the provident fund loan must be repaid first, and there is still a balance after the repayment of the provident fund loan, which can be used to repay commercial loans. However, the rules for repayment of commercial loans by provident funds in different regions are different. Consult the local housing provident fund management center for details.

Taking Wuhan as an example, the repayment of housing portfolio loan (first suite) can be processed after 6 months of normal repayment, and then it can be withdrawn every 36 months. The accumulated withdrawal amount shall not exceed the amount of personal housing commercial loans. The details are as follows:

(1) Employees and spouses meet the requirements of the first suite;

(2) The housing provident fund portfolio loans handled by employees and their spouses in this city have been paid normally and repaid for more than 6 months (inclusive);

(3) The employee's current provident fund loan is not overdue;

(4) It will take 36 months for employees and their spouses to withdraw the provident fund and return the commercial loans in the portfolio loan, counting from the last time I handled this withdrawal business.

Portfolio loan, can you pay off the commercial loan in advance?

Portfolio loans can pay off commercial loans in advance.

20 14 "after the central bank issued the policy of" repaying loans but not housing ",it was mainly beneficial to citizens who used portfolio loans and repaid in advance. At present, citizens with provident fund portfolio loans can choose the repayment amount of commercial loans or provident fund loans independently, and no longer need to repay in the same proportion.

Extended data:

Repayment method of portfolio loan:

1. Make full use of provident fund loans and extend the loan term as much as possible.

Compared with commercial mortgage, the loan interest rate of provident fund loan is relatively low, so it is welcomed by many borrowers. If we use the housing provident fund as much as possible when applying for portfolio loans and extend the loan period, it will be of great help to reduce the loan cost.

2. Shorten the term of commercial loans.

Since the interest rate of commercial loans is higher than the interest rate of provident fund loans, borrowers should shorten the term of commercial loans as much as possible and increase the monthly repayment amount of commercial loans as much as possible (within the family's economic tolerance).

3. Withdraw the provident fund to repay the loan

If your monthly repayment structure presents a state of "less provident fund loans and more commercial loans", then after the balance of the provident fund account offsets the monthly repayment of provident fund loans, the remaining balance can offset the commercial loans, which will save a lot of money.

4. Advance payment

If you want to get rid of the status of "house slave" as soon as possible, you can also choose to repay in advance, but in order to save loan interest, you should give priority to commercial loans. However, not everyone is suitable for repaying the mortgage in advance, and everyone should choose according to their actual situation.

References:

The central bank issued a new policy of "recognizing loans but not recognizing houses"