After the central bank cut interest rates again, provident fund loans are still more affordable than commercial loans. What are the requirements for applying for provident fund loans? According to Wuhan's current provident fund loan policy, a provident fund loan of less than 90 square meters can be paid down by 20%.

(1) prerequisites for applying for provident fund loan

In Wuhan Housing Provident Fund Management Center and its sub-centers (hereinafter referred to as the "Management Center"), employees who have paid the housing provident fund in full and normally for 6 months or more can apply for provident fund loans or portfolio loans when purchasing owner-occupied housing.

(2) the amount and proportion of first-hand housing provident fund loans

1. If the first-hand housing provident fund loan is used to purchase the first house, the maximum loan amount is 600,000 yuan, and the following conditions are met:

① The loan amount shall not exceed 70% of the total price of the house purchased (80% may be relaxed if the building area is less than 90 square meters);

② If the borrower pays the housing provident fund unilaterally and normally, the loan amount generally does not exceed 50% of the total price of the house purchased, but if the monthly deposit amount of the provident fund reaches 1400 yuan (the specific amount is subject to the data published by the management center), it can be relaxed to not exceed the proportion specified in the first paragraph above on the basis of considering its repayment ability.

2. If you use the first-hand housing provident fund loan to buy two houses, the maximum loan amount is 500,000 yuan, and the maximum loan amount does not exceed 40% of the total house price.