1, loan interest rate difference:
The loan interest rate of pure provident fund is implemented according to the current loan interest rate of provident fund; In portfolio loans, commercial loans are implemented at the commercial loan interest rate, and provident fund loans are implemented at the provident fund loan interest rate. The pure provident fund loan amount is not enough but the interest rate is low, and the pure commercial loan amount is enough. Portfolio loan is a compromise.
2. Lending speed difference:
In fact, there is not much difference in the lending speed between provident fund loans and portfolio loans, which is about two to three months.
3. The down payment ratio is different:
At present, most cities have reduced the down payment ratio of the first home provident fund loan to 20%; The down payment ratio of portfolio loan is 30%.
4. Different loan requirements:
The requirements for provident fund loans vary slightly from place to place, but one is basically the same; Customers applying for portfolio loans need to meet the requirements of both provident fund loans and commercial loans.
Can portfolio loans be transferred to provident fund?
Portfolio loans can be used to transfer to provident fund loans, but the following conditions must be met before applying for portfolio loans to transfer to provident fund loans:
1. The money for applying for a loan needs to be paid to the housing accumulation fund in full and continuously in the local area.
2. The loan business only accepts the application of the borrower or spouse of the original housing loan.
3. The applicant needs to confirm with the bank that his house loan has not been settled, and at the same time apply to the bank for early settlement of the loan. Once the bank agrees, it can handle the next business.
4. The applicant shall guarantee to repay the original commercial housing purchase loan for more than 1 year (inclusive), with a good personal credit record and no overdue behavior.
5. When the applicant transfers to the public, ensure that the purchased property has obtained the house ownership certificate issued by the local real estate registration department, and the applicant has not applied for a housing provident fund loan before.
6. The amount of the business-to-public loan applied for should be within the maximum loan amount of the housing provident fund loan and the balance of the original commercial housing loan announced by the local housing provident fund management committee before it can be accepted. The loan interest rate of business transfer to public is implemented according to the current housing provident fund loan interest rate in our city.