All parts of the country are gradually adjusting the provident fund loan policy. When housing provident fund is paid, it will be more cost-effective to choose provident fund loans than commercial loans. After all, the interest rate of provident fund loans is lower than that of commercial loans. In 2023, Taiyuan also launched the corresponding housing provident fund loan policy, which is mainly reflected in the down payment ratio, loan amount and loan interest rate. Let's introduce it in detail below.

New Policy of Taiyuan Provident Fund Loan 2023

1 down payment ratio: if you buy the first house in Taiyuan and apply for a personal provident fund loan, the down payment ratio shall not be less than 20% of the total purchase price; If you purchase two sets of improved housing and apply for personal loans from housing provident fund, the down payment ratio shall not be less than 40% of the total purchase price.

Loan amount: The maximum loan amount of Taiyuan housing provident fund is 640,000 yuan for double employees and 400,000 yuan for single employees. At the same time, the maximum loan amount is limited by the employee's deposit period. If the deposit period is less than three years, the maximum loan amount is 240,000 yuan.

3. Loan interest rate: The personal loan interest rate of the first housing provident fund in Taiyuan is 2.6% below 5 years (inclusive) and 3.1%above 5 years; The personal loan interest rate of the second housing provident fund is 3.025% for less than 5 years (inclusive) and 3.575% for more than 5 years.

Generally speaking, it is mainly to adjust the down payment ratio of provident fund loans. After the adjustment, the pressure on buyers is reduced. But in essence, because the total house payment is there, the down payment ratio is reduced, which means that the monthly payment may increase with the increase of the loan amount.