The notice shows that gaogang district will adjust the formula for calculating the loanable amount of housing provident fund. The formula for calculating the loanable amount of housing provident fund is changed from "monthly deposit of housing provident fund × 12× loan period" to "monthly deposit of housing provident fund × 12× loan period ×2".
At the same time, gaogang district will also adjust the loan period of housing provident fund for second-hand houses and housing renovation and overhaul. The loan period of housing provident fund for second-hand houses, renovated or overhauled houses is adjusted from "no more than 15 years" to "no more than 20 years".
The "Notice" proposes to set the minimum amount of housing provident fund loans. Set a housing provident fund loan guarantee amount of 200,000 yuan for employees' families with low loanable amount.
Gaogang district will relax the conditions for withdrawing housing provident fund to repay loans. The handling conditions for entrusting monthly withdrawal of housing provident fund to repay housing provident fund loans and commercial personal housing loans are adjusted from "the balance of not less than 12 times the monthly deposit" to "the balance of not less than 6 times the monthly deposit", and the amount retained in the deposit account during the period of entrusting monthly withdrawal of loans is adjusted from "the balance of not less than 6 times the monthly deposit" to "the balance of not less than 3 times the monthly deposit"; After the annual withdrawal of housing provident fund to repay housing provident fund loans and commercial personal loans, the amount to be retained in the deposit account is adjusted from "not less than 12 times the monthly deposit" to "not less than 6 times the monthly deposit".