Under certain conditions, commercial loans can be repaid first. If the portfolio loan is repaid normally, the repayment funds need to be transferred to two repayment accounts during the repayment process. In other words, the monthly repayment amount of commercial loans and provident fund loans is deducted separately, and there is no order of deduction time, but a specific repayment date. If you apply for prepayment and use your own funds to repay, you can repay the commercial loan first, but you need to meet the prepayment conditions of the lending commercial bank. There is no time limit on when the provident fund loan can be repaid in advance.

Can portfolio loans repay commercial loans in advance? Portfolio loans can also choose to repay commercial loans in advance. Generally, if you choose a portfolio loan, there will be two accounts, one is a commercial loan and the other is a provident fund loan. Since the interest rate of commercial loans is higher than that of provident fund loans, if you have the ability to repay loans in advance, you must give priority to repaying commercial loans. Portfolio loan is a combination of provident fund and commercial loan. Although many people meet the conditions of provident fund loans, they will choose this combination loan because the amount is not enough. They can go to the local area first to find out whether it meets the requirements.

How to get the most cost-effective portfolio loan? When applying for portfolio loans, it is more cost-effective to use up all the provident fund loans. After the amount of provident fund loans is used up, the insufficient part can be supplemented by commercial loans, because the interest rate of provident fund loans is lower than that of commercial loans, and if the amount of provident fund loans is used up, some interest can be saved.

When applying for a portfolio loan, if the provident fund chooses a joint loan from both husband and wife, the loan amount will be much higher than the personal loan amount, and the amount of two people applying for a loan together is generally enough to buy a house; You can also consult several banks and choose a lower interest rate.