June 15th: The Hangzhou Housing Provident Fund Management Center issued a notice on the 15th to increase the housing provident fund loan limit for households without housing. The notice clarifies that if an employee's family has no house in their name and no housing loan record, and applies for a housing provident fund loan when purchasing an ordinary self-occupied house in Hangzhou for the first time, the maximum loan limit for the family will be increased by 20. Among them, employee families include the main borrower, spouse and minor children; the identification standard for having no house under the name and buying for the first time is that there is no house holding record under the name, and there is no house transfer record, and the property management of the place where the provident fund is deposited and the place where the house is purchased is used Housing check records issued by the department shall prevail; no housing loan record refers to no provident fund personal housing loan and commercial personal housing loan records, and the query results of the Housing Provident Fund Supervision Service Platform of the Ministry of Housing and Urban-Rural Development and the People's Bank of China's credit report shall prevail. The specific amount of the maximum household loan limit increased by 20 yuan is: if a single employee pays housing provident fund, it is 600,000 yuan in Hangzhou City, Tonglu County, and Jiande City, and 480,000 yuan in Chun'an County; the couple pays housing provident fund , Hangzhou urban area is 1.2 million yuan, Tonglu County is 960,000 yuan, Chun'an County and Jiande City are 840,000 yuan. This loan limit increase policy does not overlap with other housing provident fund loan limit preferential policies for high-level talents and others. This notice will be implemented from June 10, 2022. For new commercial housing, the time of signing the sale and purchase contract for commercial housing will be subject to the online signing. For second-hand housing, the time for signing the transfer contract for the housing will be signed online. If the contract signing is completed before June 10, 2022, the original loan limit policy will be implemented. Yan Yuejin, Research Director of the Think Tank Center of E-House Research Institute, explained that this policy has significantly increased the provident fund amount for households without housing, which deserves the attention of the industry. Yan Yuejin said that the Hangzhou policy has given us a new understanding of the increase in loan quotas. In other words, based on recent local policies, there will be room for further increases in loan quotas for some specific groups. Such groups include Households without houses or mortgages, talented people, families with many children. The loan quota for this group of people is significantly higher than that of ordinary citizens. This also reflects the differentiated provident fund loan policy and makes the loan quota a very pragmatic and practical policy. For this group of people, they can borrow more if they can. etc. have a positive effect and help to further reduce the cost of home purchase loans for this group of people. At the same time, Yan Yuejin said that such policies also reflect the attention and care for such specific groups, give full play to the positive role of provident fund loans, and are also what all localities need to actively pay attention to and learn from in increasing the provident fund loan limit.