When there are provident fund loans, employees can apply to the entrusted bank for commercial loans in the form of portfolio loans. (provident fund loans and commercial portfolio loans.
Note: Regarding whether your city will carry out provident fund or portfolio loan business, it is suggested that you directly contact the personal loan department of the local China Merchants Bank outlet for consultation and confirmation.
Second, how to apply for a portfolio loan if the housing provident fund loan amount is insufficient?
How to handle portfolio loans when the loan amount of housing provident fund is insufficient?
For the part with insufficient funds, residents will generally apply for personal housing provident fund loans in addition to using their savings over the years, and then apply for personal housing mortgage loans from banks to solve the problem. At present, this kind of "combined loan" which combines personal housing provident fund loan with bank personal housing mortgage loan has become the most common way to buy a house. Because it is more realistic and reasonable, after all, the amount of personal housing provident fund that each family can borrow will not be much. If all loans are made to banks, the interest burden will be too heavy. Personal housing provident fund loan belongs to policy personal housing loan and has certain policy subsidy nature. As long as the individual's unit has established a housing provident fund and paid the provident fund on time, it has the right to apply for a loan. Its biggest advantage is that the interest rate is low, 1 to 5 years, and the annual interest rate is only 4. 14%. From 6 to 30 years, the annual interest rate is only 4.59%, which is not only lower than the current personal housing mortgage interest rate of banks (generally compared with banks). In other words, there is a spread between the interest rate of provident fund loans and the interest rate of bank deposits. Take the five-year savings deposit and provident fund loan as an example to compare:100000 yuan for five years, and after five years, customers can get interest 14400 yuan; If you apply for a provident fund loan of100000 yuan, after five years, the customer will have to pay interest of 10880 yuan, and the deposit-loan spread will be 3520 yuan. Moreover, the larger the loan amount, the longer the term, and the more impressive the spread.
pay by Installments
Payment type/method
I. One-time payment
It is the most common payment method in the past, and is generally used for the sale of low-priced small-sized houses at present.
Benefits: Generally, a one-time payment can get a discount of about 5% of the house price from the seller. If it is an existing house, you can quickly obtain the property rights of the house. If it is an auction house, this payment method has the lowest price.
Disadvantages: One-time payment needs to raise a lot of money, and the interest on this money is lost, which is very stressful for buyers with limited economic ability. If it is a one-time payment by auction, the developer may not pay the house on time, resulting in the loss of interest or even all the house payment, and the risk of buying a house is high.
Second, installment payment.
It is also divided into interest-free installment and low-interest installment, which is an attractive payment method at present.
In favor: to ease the economic pressure of one-time payment, you can also use the house payment to urge developers to fulfill their commitments in the contract.
Disadvantages: With the extension of the payment period, the interest rate will be higher, and the amount of house payment will be higher than that of one-time payment.
Third, mortgage payment.
That is, mortgage loan for house purchase is a kind of payment method in which the property right of the house purchased by the buyer is used as collateral, and the bank pays the house price to the developer first, and then the buyer pays the principal and interest to the bank in installments on a monthly basis. Because it can quickly transform potential market demand into effective demand, it has become the most effective means to promote the real estate market.
In favor: We can raise the necessary funds to realize our desire to buy a house and spend tomorrow's money to realize today's dream.
Disadvantages: At present, the procedures are complicated and there are many restrictions.
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3. My provident fund account is insufficient. Can I recharge it? Where to rush?
The procedure of laxative repayment (monthly repayment) is as follows: first, the balance of the main lender's basic provident fund account is offset with the balance of the supplementary provident fund account (if any); If there are other participants, the balance of the participant's basic provident fund account and the balance of the supplementary provident fund account will be offset again; If there is no amount in these accounts, it will be deducted from the repayment card agreed with the loan bank when you sign the loan contract.
Four, the housing provident fund loan amount is insufficient, how to apply for a portfolio loan?
Guangzhou Jingyu Housing Mortgage Loan Center said: Borrowers can apply for combined provident fund loans at the same time because of insufficient housing provident fund loans. After the approval of the provident fund center and the entrusted bank, the borrower, the provident fund center and the entrusted bank (some banks need mortgage companies to handle) sign a secured loan contract, and the house purchased by the borrower is mortgaged to the provident fund center and the entrusted bank at the same time. Guangzhou Housing Mortgage Loan Center reminds: As the housing provident fund loan policies may vary from place to place, please refer to the latest local information for details.