Suzhou’s new provident fund loan policy mainly adjusts the amount of provident fund housing loans. The new housing provident fund loan policy in Suzhou in 2022 stipulates that Suzhou will use provident fund loans for the first time. The individual loan limit will be increased from 450,000 yuan to 600,000 yuan, and the family limit will be increased from 700,000 yuan to 900,000 yuan. The housing provident fund loan policy will be from April 2022 It will be officially implemented on the 21st.

Although Suzhou's new provident fund loan policy increases the amount of provident fund housing loans, when actually applying for a housing provident fund loan, the loan amount that can actually be applied for is related to the user's provident fund account balance. Suzhou Provident Fund's increase in loan limits will benefit users with relatively high provident fund account balances, and will have little impact on users with low provident fund account balances.

The increase in the provident fund loan limit in Suzhou means that the maximum loan limit for users has increased, and they can have a more sufficient budget when buying a house.

Suzhou Provident Fund Loan Conditions

1. The borrower applicant and the same borrower who participate in the calculation of the loan limit must pay the housing provident fund in full and on time continuously before the date of application. More than six months (inclusive), and the personal housing provident fund account is in normal payment status at the time of application;

2. No provident fund loan balance;

3. First or second application Provident fund loan;

4. Purchase a new ordinary house within Suzhou City, and the real estate development company to which the house is purchased has completed the real estate registration procedures in accordance with regulations;

5. Down payment for the purchase of the house The loan shall not be less than the prescribed proportion;

6. Be able to implement loan guarantee.

Processing process

1. Submit an application: The loan applicant brings all the materials to the processing location to apply for a loan and waits for the center’s step-by-step approval;

2. Guarantee Guarantee: The borrower applicant goes to the guarantee company to handle the guarantee procedures with the approval materials. At the same time, the borrower applicant goes to the lending bank to go through the loan signing procedures with the approval materials and guarantee materials;

3. Pledge guarantee: Go to the lending bank to handle the procedures Pledge guarantee and loan signing procedures;

4. Pledge of provident fund balance: Go through the pledge procedures at the same time as applying at the center counter.

Legal basis: Article 12 of the "Regulations of the People's Republic of China on the Administration of Housing Provident Funds" The Housing Provident Fund Management Committee shall, in accordance with the relevant regulations of the People's Bank of China, designate a business entrusted to handle the housing provident fund financial business. Bank (hereinafter referred to as the entrusted bank); the housing provident fund management center shall entrust the entrusted bank to handle housing provident fund loans, settlement and other financial services and the establishment, deposit and return of housing provident fund accounts.