New Provident Fund Regulations for 2022 Release the Latest Housing Provident Fund Loan Policy

Provide Fund Loan Policy

1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

2. Those who participate in the housing provident fund system must also meet the following conditions to apply for a housing provident fund personal home purchase loan: that is, they must have continuously paid and deposited housing provident fund for no less than six months before applying for a loan. This is because if employees’ behavior of paying housing provident funds is abnormal and intermittent, it means that their income is unstable and risks will easily arise after the loans are issued.

3. If one spouse applies for a housing provident fund loan, neither spouse will be able to obtain a housing provident fund loan again before the spouse repays the principal and interest of the loan. Because housing provident fund loans are financial support provided to meet the basic housing needs of employee families, and are a type of "housing security" financial support.

4. When a loan applicant applies for a housing provident fund loan, in addition to having a relatively stable economic income and the ability to repay the loan, the loan applicant must not have a large amount that has not yet been paid off, which may affect the repayment of the housing provident fund loan. capacity for other debts. When employees are burdened with other debts, granting housing provident fund loans is very risky and violates the principle of safe operation of housing provident funds.

5. The maximum term of provident fund loans shall not exceed 30 years. When applying for a portfolio loan, the loan terms of the provident fund loan and the commercial housing loan must be consistent.

Warm reminder

The above answers are only based on the current information and my understanding of the law. Please refer to it with caution!

If you still have questions about this issue, it is recommended that you sort out the relevant information and communicate with professionals in detail.

What are the housing provident fund policies?

In order to improve their living environment, many people often consider buying a house to improve their quality of life. Among them, employees of the unit can use the provident fund to buy a house. What is the policy for buying a house with the provident fund? Many home buyers know little about it, so let’s take a look together!

First, the first house is a common house. If the building area is less than 90 square meters, the down payment shall not be less than 20% of the house price. If it exceeds 90 square meters, the down payment shall not be less than 30% of the house price. The down payment for the second house shall not be less than 60% of the house price; secondly, the maximum individual loan can be 40 If both husband and wife have provident funds, they can borrow up to 600,000. If there is supplementary provident fund, the amount will be increased by 100,000. Third, as long as the previous provident fund loan is paid off, the second loan can be implemented according to the standard for the first house, but three houses are not supported. loan.

If you use the provident fund, buy the first house under your name, and it is an ordinary house. If the building area exceeds 90 square meters, the down payment proportion shall not be less than 30% of the feedback. If it is within 90 square meters, the minimum down payment shall be calculated as 20% of the house price. If you are purchasing a second home under your name, the second home provident fund loan standard will apply. The down payment will require at least 60% of the house price, and the interest rate will be increased by 1.1 times that of the original home.

If a provident fund loan is used to buy a house, an individual can borrow up to 400,000 yuan. If a family buys a house and both husband and wife pay provident funds, the maximum loan can be 600,000 yuan. If there is still supplementary provident fund, the loan limit will be increased to 100,000 yuan. In addition, if the family has applied for a provident fund housing loan before, no matter which party is involved, as long as the previous loan has not been settled, they will not be eligible to apply for a provident fund loan for the second home. Only after the previous mortgage record has been paid off can you apply for a provident fund loan for the second home, and it will be processed as the first home.

In addition, the provident fund house purchase policy is more inclined to first-time home buyers and home buyers who purchase second homes in order to improve their living environment. Not only is the minimum down payment ratio set at 20%, but the personal account balance has no impact on the loan amount. At the same time, the provident fund house buying policies introduced by various places are different. They are determined according to local housing prices, per capita housing levels and other factors, and the corresponding coefficient ratios are adjusted. In addition, loans for three houses are suspended, which means that home buyers can only use provident fund loans at most. Purchased two apartments.

I hope the above answers will be helpful to you.

What are the latest housing provident fund loan policies for second homes?

The latest policy for second home loans in 2016 was announced: the minimum down payment ratio is adjusted to no less than 40%. The Ministry of Housing and Urban-Rural Development of the People's Bank of China and the Banking Regulatory Commission issued a notice on the reduction of the down payment ratio of personal provident fund loans for purchasing second homes.

The minimum down payment ratio for a first home loan is 20%

For households with deposited employees to use housing provident fund entrusted loans to purchase their first ordinary home, the minimum down payment ratio is 20%; for Families of deposit-paying employees who own a house and have paid off the corresponding house purchase loan can apply for a housing provident fund entrusted loan again to purchase an ordinary owner-occupied house in order to improve their living conditions. The minimum down payment ratio is 30%.

The down payment ratio for a second home loan will be reduced to 40%

Families who own a home and the corresponding home purchase loan has not been paid off can apply for a commercial individual again in order to improve their living conditions. For purchasing an ordinary self-owned house with a housing loan, the minimum down payment ratio is adjusted to no less than 40%. Before adjustment: the down payment ratio for the second home is 60% in Beijing, Shanghai, Guangzhou and Shenzhen and 70%

① Previously, the down payment ratio for the second home was 60%. The down payment ratio for second homes in Beijing, Shanghai, Guangzhou and Shenzhen is 70%.

②Previous housing provident fund loan policy: For the first ordinary self-housing loan of less than 90 square meters, the minimum down payment ratio is 20%; for the first home loan of more than 90 square meters, the minimum down payment ratio is 30%.

New Provident Fund Policy for 2023

Notice on Optimizing and Adjusting Housing Provident Fund Management Policies

Housing Provident Fund depositors:< /p>

In order to better protect the housing purchase capital needs of employees who have deposited their provident funds and help the real estate market operate smoothly, after deliberation and approval by the Municipal Provident Fund Management Committee and submitted to the Provincial Department of Housing and Urban-Rural Development for review and approval, it was decided to optimize and adjust the following seven housing items Provident Fund Management Policy:

1. Increase the loan limit

Increase the upper limit of the loan limit by 100,000 yuan and the maximum loan limit to 600,000 yuan. The policy will be effective until December 31, 2023. day.

2. Reduce the down payment ratio of the loan

1. Reduce the minimum down payment ratio for the first home from the current 30% to 20%.

2. Cancel the impact of the purchase area (144m2) and the construction period of the existing housing (10 years) on the down payment ratio.

Unified standards are implemented: the down payment ratio for the first home shall not be less than 20%, and the down payment ratio for the second home shall not be less than 30%.

3. Cancel the regulations on freezing account balances

Cancel the regulations on freezing employee account balances: employees who apply for housing provident fund loans are no longer required to retain account balances; employees who have already obtained loans are no longer required to retain account balances It can be used to hedge the principal of provident fund or withdraw it to repay commercial housing loans or install elevators in existing multi-storey residences.

4. Adjust the withdrawal policy for loan principal and interest

Change the current policy to "If there is an unpaid provident fund loan, the provident fund balance in the account of the employee himself or his spouse can only be used to offset the principal and interest of the loan." , adjusted to "If there are outstanding provident fund loans and the repayments are normal, employees and their spouses can withdraw the balance from their provident fund account to hedge the principal of the provident fund loan or withdraw it to repay commercial housing loans or install elevators in existing multi-story residences. ". When repaying the principal and interest of a commercial housing loan, the cumulative withdrawal amount of the employee, his/her spouse, and the borrower (repayer) shall not exceed the amount of the loan principal and interest that the borrower has repaid.

5. Extend the housing provident fund loan period

The current "provident fund loan period shall not exceed 30 years, and shall not exceed the borrower's remaining years to the statutory retirement age" to be adjusted to: “The maximum term of provident fund loans shall not exceed 30 years, and the loan maturity date shall not exceed 5 years after the statutory retirement time of the borrower.”

6. Cancellation of the critical illness withdrawal policy

Our city’s current critical illness withdrawal policy exceeds the housing provident fund withdrawals stipulated in the State Council’s “Housing Provident Fund Management Regulations” and the Ministry of Housing and Urban-Rural Development’s “Housing Provident Fund Withdrawal Business Standards” Scope, in accordance with the requirements of the Provincial Department of Housing and Urban-Rural Development’s "Notice on Carrying out Self-examination and Self-Correction on the Adjustment of Housing Provident Fund Policies", this withdrawal policy is cancelled.

7. Adjust the family affection extraction policy

Adjust the current family affection extraction policy of our city to "employees and their spouses, parents, and children (referred to as family members) who purchase self-occupied houses. After obtaining a valid home purchase Within 1 year of the certificate, you can withdraw the housing provident fund for yourself and your family members in one go (borrowers and spouses who have used housing provident fund loans among family members cannot withdraw). After family members other than spouses withdraw according to this policy, this house cannot be withdrawn. Apply for a housing provident fund loan." Adjusted to: "When a home buyer purchases his first home for self-occupation, within one year of obtaining a valid home purchase certificate, he can withdraw the housing provident fund of the home buyer's parents and children in one go (borrowers and spouses of parents and children who have used housing provident fund loans cannot Withdrawal), after parents and children withdraw according to this policy, this house cannot apply for a housing provident fund loan."

This policy adjustment will be implemented from January 1, 2023.

Weifang Housing Provident Fund Management Center

December 26, 2022

This is the introduction to the latest housing provident fund loan policy and the introduction of new provident fund regulations in 2022 That's it. I wonder if you found the information you need?