The 59-year-old will retire from a public institution in more than a year. Can he use a housing provident fund loan?

The term of a personal housing provident fund loan is 1 to 20 years, but it shall not exceed the number of years from the date of issuance to the national statutory retirement age of the borrower, which is 60 years old for men and 55 years old for women.

Personal Housing Provident Fund Replacement Portfolio Loan: The bank first uses bank funds to issue commercial housing loans to borrowers (employees who have paid housing provident funds), and then the trustee bank applies to the management center on behalf of the borrower. Provident Fund Loans.

The borrower’s provident fund loan limit is controlled within its basic provident fund loan limit and does not exceed 70% of the commercial housing loan amount. Its basic provident fund loan term is more than one year shorter than the commercial housing loan term. Extended information

Employee families (including employees, spouses and minor children, the same below) take loans to purchase their first homes (including commercial housing, limited-price commercial housing, targeted resettlement affordable housing, targeted sales of affordable housing or private property), and the building area of ??the purchased house is less than 90 square meters (including 90 square meters), a down payment of no less than 20% of the price of the purchased house should be paid.

The loan amount shall not exceed 80% of the price of the house purchased; if the building area of ??the house purchased exceeds 90 square meters, a down payment of no less than 30% of the price of the house purchased shall be paid, and the loan amount shall not exceed 70% of the purchase price of the house.

Baidu Encyclopedia-Housing Provident Fund