local banks are authorized to grant loans to eligible borrowers for the purchase of self-occupied housing according to the housing provident fund loan interest rate announced by the People's Bank of China (according to the Measures for the Administration of Military Housing Provident Fund Loans, which came into effect on August 1).
For officers, civilian cadres and noncommissioned officers who participate in the collection of military housing provident fund, retired cadres and noncommissioned officers managed by the military are eligible to apply for military provident fund loans, which generally cannot exceed 4, yuan. If the amount of housing provident fund loans exceeds 4, yuan as stipulated by the people's government of the place where the house is purchased, it shall be implemented in accordance with the regulations of the people's government of the place where the house is purchased.
abide by the national and regional regulations on the proportion of housing provident fund loans, and determine the specific loan amount according to the borrower's family solvency and personal credit status. The ratio of monthly repayment expenditure to income of this loan shall be controlled below 5% (inclusive), and the maximum loan amount shall not exceed the loan limit determined in the Military Housing Provident Fund Loan Qualification Approval.