2. The borrower still needs to repay the original monthly loan principal and interest repayment amount in the current month, and at the same time deposit the loan amount to be repaid in advance into the bank savings card. After confirmation, the lending institution will repay part of the housing loan in advance, and then repay the loan at the interest determined in the original loan contract.
3. Print the "Monthly Repayment of Principal and Interest Table" and sign a "Loan Change Contract" with the borrower. Whether to repay part of the loan or all the loan in advance, the borrower must go to the bank for prepayment within the time specified by the lending institution.
What are the procedures for prepayment of portfolio loans?
1. Call the personal loan center of the loan bank for information about prepayment, contact the salesman or account manager who handles the loan, and ask whether prepayment can be handled and whether an appointment is required.
2. It should be noted that the departments and branches of some banks that handle early repayment of loans are not in the same place, so you must ask clearly before you start, and at the same time, you must be clear about the materials you need to carry in advance repayment of loans.
3. Appointment: In order to ensure the orderly business operation, most banks require customers to make an appointment in advance, and the time and process required by each branch are different. The way to make an appointment is to call or go directly to the prepayment execution department.
4. Fill in the prepayment application form and submit relevant documents. Documents generally include ID cards, loan contracts signed with banks, etc.
5. The prepayment money deposited by the borrower can be deducted from the loan principal by the bank, and the operation can be completed in a short time.
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.
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.
1. Should I repay the loan in advance according to the loan ratio, or should I repay the commercial loan first?
Portfolio loan is actually equivalent to borrowing money from two different institutions, one is a bank and the other is a provident fund management center, so no matter which loan you want to repay in advance, it is ok.
However, it should be noted that, for example, some cities have clear regulations on the repayment methods of portfolio loans. For example, it is stipulated that the prepayment amount of provident fund loans and commercial loans should maintain a certain proportion, and not only one of them can be repaid. However, more cities stipulate that if you withdraw the provident fund to repay the loan, you must first repay the provident fund, and only your own cash can repay the commercial loan first. It is not feasible to withdraw provident fund to repay commercial loans in advance.
2. After repaying part of the loan in advance, can I freely choose to shorten the repayment period or reduce the monthly payment? Which is more cost-effective?
After prepayment in general areas, the lender can freely choose to shorten the repayment period or reduce the monthly payment. If you can afford the current monthly payment, it is recommended to shorten the repayment period. After all, the longer the loan time, the more interest, so it is more cost-effective to choose to shorten the repayment period.
Do you understand the prepayment after reading the portfolio loan? However, this is only a general rule, and it is not excluded that some banks make some mandatory rules themselves! So I suggest you consult your local loan bank and provident fund management center.
Precautions for prepayment of portfolio loans
1. Precautions for prepayment of portfolio loans are as follows:
1. Portfolio loans can be used to repay commercial loans in advance. Portfolio loan is a combination of commercial housing loan and provident fund loan. So it can be used to repay commercial loans in advance. Need to be reminded that you need to use personal deposits or cash, and you can't use the balance in the provident fund account to repay.
2. Portfolio loans are used to repay provident fund loans in advance. The balance in the borrower's provident fund account can also be used for prepayment of another part of the portfolio loan.
References:
Portfolio Loan-Baidu Encyclopedia