What's a portfolio loan? That's when you apply for a housing loan, you probably think the amount of the Provident Fund loan is inadequate, and we can choose to apply for a portfolio. But there's a lot of detail here, because you're going to have to deal with both the Provident Fund and the Bank, not just by applying. There's some conditions to meet. Let's see。

What are the terms of the mortgage? These demands need to be met

First of all, there is a need to qualify for a Provident Fund loan. Because you need a part of the Provident Fund loan when you apply for a portfolio loan, this requires you to qualify for a Provident Fund loan, for example, if you have a normal Provident Fund account and a continuous contribution of more than 12 months。

Second, you have to have a stable source of income. The banks and the PRFs don't want to lend out, they have to see that you can pay on time. So whether your income is stable or sufficient to pay for the month is crucial. Generally, your monthly income is better than twice the monthly contribution. Portfolio loans may not pass if they have little income。

Then you have to have good credit. Applying for a portfolio loan requires the submission of a letter of credit report to the Provident Fund Centre and commercial banks, who will see if your letter of credit report is good and whether there are any non-performing loan records. As you know, the letter directly affects the outcome of the loan, so you can check your letter in advance。

Don't forget, it's also important that you have any other liabilities. In many places, commercial banks and pension centres require you to settle other debts before making loans. If you still have outstanding dues, I suggest you clear them and apply for a portfolio。

FINALLY, YOU HAVE TO MAKE THE REQUIRED DOWN PAYMENT. THE FIRST SUITE REQUIRES AT LEAST 301 TP3T TO APPLY FOR A PORTFOLIO LOAN, AND WITHOUT A DOWN PAYMENT, IT WILL NOT WORK。

If you want to apply for a portfolio loan, then you can see if it is appropriate in the light of your situation。