News According to the new regulations, the threshold for applying for provident fund loans has been lowered to those who have paid in full for more than 6 months (inclusive). The down payment ratio for the provident fund purchase of the first home has been lowered to 20. Children can use employee parents Housing provident fund purchase, etc.
Qinghai media reported on March 2 that the Qinghai Provincial Department of Housing and Urban-Rural Development, the Provincial Department of Finance, and the Xining Central Branch of the People’s Bank of China recently jointly issued a document promulgating a new policy for the use of housing provident funds in Qinghai Province . According to the new regulations, the threshold for applying for provident fund loans has been lowered to continuous full payment for more than 6 months (inclusive), the down payment ratio for the provident fund purchase of the first home has been reduced to 20, and children can use the provident fund of employees’ parents to buy a house, etc.
The new regulations introduced this time clarify that employees who have paid housing provident funds in full for more than 6 months (inclusive) can apply for housing provident fund personal housing loans. If the housing provident fund has been paid in another place and the deposit has been made in the current place of deposit for less than 6 months, the payment time can be calculated based on the payment certificate issued by the housing provident fund management center of the original place of deposit. For families that own one house and have paid off the corresponding home purchase loan, they can apply for a housing provident fund loan again to purchase ordinary commercial housing in order to improve their living conditions, and the housing provident fund loan policy for the first home will be implemented.
In terms of loan standards, the new regulations stipulate that for employees purchasing their first self-occupied housing, the maximum loan period is relaxed to 25 years; for families applying for provident fund loans to purchase their first ordinary commercial housing, the down payment ratio is reduced to 20.
At the same time, Qingdao Province will allow state housing provident fund management committees to increase the individual housing provident fund loan limit standards in a timely manner. Specifically, for employees with good credit status and housing needs, the maximum amount of personal housing provident fund loans can be increased by 20; for employees with bad credit records who owe non-malicious debts, the maximum amount of personal housing provident fund loans can be increased by 20%. The loan amount can be adjusted up or down within RMB 10.
In addition, the new regulations also clarify that the minor children of deposit-paying employees can use the housing provident fund in the employee's name when purchasing a house; paying employees can apply to withdraw the housing provident fund in their own name to repay the housing provident fund loans of immediate relatives. . If an employee has paid the housing provident fund in full for three consecutive months, and if he and his spouse do not own a house in the city where the deposit is made and rent a house, the couple can withdraw the housing provident fund to pay rent.
It is understood that since March, Beijing, in addition to Qinghai, has also introduced new provident fund regulations. Among them, on March 1, the Beijing Housing Provident Fund Management Center issued a notice to adjust the city’s housing provident fund deposit and loan interest rates with immediate effect.
According to the notice, the annual interest rate for personal housing provident fund deposits in Beijing remains unchanged at 0.35, and the annual interest rate carried forward from the previous year is reduced from 2.35 to 2.10. At the same time, the interest rates for each period of personal housing provident fund loans will also be adjusted accordingly. Among them, the annual interest rate for years 1 to 5 (including 5 years) will be reduced from 3.75 to 3.5; the annual interest rate for 5 to 30 years (including 30 years) will be reduced from 4.25 to 4.00.