As house prices continue to rise, more and more people are choosing to take loans to buy their houses. Portfolio lending is the preferred choice of many of the many loan products, which allow borrowers to choose different types of loans according to their needs and strengths, thus achieving more comprehensive financing. So, what are the conditions for applying for portfolio loans? Let's look at it from several angles。

Application terms for portfolio loans

I. Good credit records

Credit records are essential for any loan product. Banks or other lending institutions use their credit records to determine a person ' s borrowing capacity and credit position, so as to provide him with the corresponding credit and interest rates. Therefore, if you wish to apply for portfolio loans successfully, you must ensure that you have a good credit record. If you had previously had a bad record of overdues, arrears, etc., then you must first try to eliminate these stains。

Adequate proof of income and asset

In addition to credit records, the loan institution will judge your repayment capacity on the basis of your income and asset certificates. If your income and assets do not meet the bank's loan requirements, it is difficult to obtain approval for portfolio loans even if your credit record is better。

III. SPECIFIC REQUIREMENTS FOR HOUSING

The terms of application for portfolio loans also include a clear definition of the needs for the purchase of the house. This includes information on the purpose, size, value, etc. of the house you have purchased. If you can clearly tell the bank what you want to buy the house and the amount of the loan required, then the bank will be more confident in considering your loan application。

Possession of sufficient collateral

PORTFOLIO LOANS ARE USUALLY GRANTED IN THE FORM OF MORTGAGES, AND THE BORROWER MUST HAVE SUFFICIENT COLLATERAL. THE COLLATERAL HERE MAY BE REAL PROPERTY, VEHICLES, ETC., AND ITS VALUE MUST COVER MORE THAN 150% OF THE LOAN AMOUNT. AT THE SAME TIME, PROOF OF OWNERSHIP OF THE COLLATERAL MUST BE SUFFICIENT FOR THE BANK TO CONFIRM THAT THE LOAN APPLICATION OF THE BORROWER IS APPROVED。

Other conditions

In addition to the above, there are a number of other conditions that need to be met in applications for portfolio loans. For example, you need to be between the ages of 18 and 65, not on a blacklist, with a stable job and place of residence. These conditions are developed by borrowing institutions in accordance with market demand and policy requirements, and borrowers need to pay attention to these details when applying。