If the housing provident fund loan amount applied for by an employee to purchase a house cannot meet the needs and is less than 80% of the purchased house price, he or she can apply for a personal housing commercial loan. The total amount of the two loans shall not exceed 80% of the house price. In this case It's called a portfolio loan. Only employees who have paid provident fund can apply for portfolio loans. So how is the term of the portfolio loan calculated? We can take a look.

In Beijing, if the second-hand house purchased is a brick-concrete structure, the calculation method of the combined loan period is:

Minus the actual age of the house and 65-the age of the buyer from 47 The value in the middle range of the values ??is the term of the portfolio loan.

If the second-hand house purchased is a steel-concrete structure, the calculation method of the combined loan period is:

In the two values ????57 minus the actual age of the house and 65-the age of the home buyer area value, it is the term of the portfolio loan.

The specific number of years is also related to the specific regulations of each bank. However, the term of a general portfolio loan cannot exceed the maximum term of a provident fund loan.

For portfolio loans, you can choose to settle the commercial loan in advance while continuing to repay the housing provident fund loan. The borrower can apply to shorten the loan term based on changes in loan repayment ability during the repayment period. The premise is that the borrower should make normal repayments for more than one year, have good credit, no bad repayment records, no overdue payments at the time of application, and agree that the mortgage period of the collateral will not be changed. If your portfolio loan has unpaid commercial loans and you apply for a change in term, you must obtain the consent of the portfolio loan bank, and the change term should be consistent. There is no limit on the number of loan term changes, but it will be reviewed based on your actual repayment ability when you apply for the change.