Normally, we will choose to take out a loan to buy a house to appropriately alleviate the financial pressure, but in fact, there are not just one way to get a loan to buy a house. The one we most often come into contact with is commercial loans. and provident fund loans. Although few people can use both of these methods when taking out loans, it is still necessary for us to understand the knowledge points involved. So let’s take a look at whether it is possible to combine loans for buying a house? How will I repay the portfolio loan later?

Can I combine loans to buy a house?

1. Personal housing portfolio loan means that borrowers who meet the conditions for personal housing commercial loans and also deposit housing provident funds can apply for personal housing provident fund loans while applying for personal housing commercial loans. It is generally used when the personal loan exceeds the local provident fund loan limit.

2. The total of provident fund personal housing loans and bank self-operated personal housing loans is up to 80% of the sales price or appraised value of the purchased house (whichever is the lower), of which provident fund personal housing loans The maximum loan amount must be implemented in accordance with the relevant regulations of the local housing fund management department, and the maximum loan period is 30 years.

3. Personal housing portfolio loans are jointly managed by the Housing Provident Fund Management Center and the entrusted bank. Both parties bear risks and enjoy rights and interests in proportion to the portfolio loan. If the borrower fails to fulfill his repayment obligations, the bank will When the collateral is disposed of in accordance with the law, both parties will be reimbursed and bear costs in proportion to the loan. The higher the default dependence, the greater the potential risk loss of the loan portfolio.

How to repay the portfolio loan in the future?

1. Combination loans cannot be repaid together, because the repayment methods used by these two loan methods are also different. Two independent accounts need to be set up, and the two parts are loaned separately. The provident fund loan part adopts a free repayment method, and the commercial loan part adopts a repayment method approved by commercial banks.

2. The provident fund part implements free repayment, that is, we can set a low repayment amount every month, but the monthly payment must be greater than this amount. If you have a lot of money in your provident fund account, you can sign a monthly transfer and repayment withholding business. When you repay the monthly repayment, you will first repay it through transfer from your provident fund account. When the account amount is insufficient, you will deduct the repayment deposit discount from your bank.

3. The commercial loan part has two repayment methods: equal principal and equal principal and interest. Commercial loans can automatically deduct the money from the bound repayment account on a monthly basis, so the safest way is to deposit enough money in your repayment account in advance every month. At the same time, among the portfolio loans, the loan terms of provident fund loans and commercial loans must be consistent.