On December 26, the Weifang City Housing Provident Fund Management Center in Shandong Province issued the "Notice on Optimizing and Adjusting the Housing Provident Fund Management Policy" (hereinafter referred to as the "Notice"). The new policy will be effective from January 2023 Effective from the 1st.

The "Notice" shows that Weifang City will increase the loan limit. The upper limit of the loan amount will be increased by 100,000 yuan, and the maximum loan amount will be increased to 600,000 yuan. The policy will be effective until December 31, 2023.

At the same time, reduce the down payment ratio of the loan. Reduce the minimum down payment ratio for first-time buyers from the current 30% to 20%. Eliminate the impact of the purchase area (144 square meters) and the construction period of existing houses (10 years) on the down payment ratio. Implement unified standards: the down payment ratio for the first home shall not be less than 20%, and the down payment ratio for the second home shall not be less than 30%.

Cancel the requirement to freeze account balances. Employees are no longer required to retain account balances when applying for housing provident fund loans; the retained account balances of employees who have obtained loans can be used to hedge the provident fund principal or be withdrawn to repay commercial housing loans or install elevators in existing multi-story residences.

The Weifang Housing Provident Fund Management Center explained that when an employee applies for a loan, the business system automatically obtains the maximum account balance in the six months before the employee applies for a loan, and the system automatically calculates the upper limit of the loan amount based on 20 times it. , no account balance will be retained after the limit is calculated.

For those who have applied for housing provident fund loans before the policy adjustment, the frozen account balance is partially unfrozen, and if the provident fund is repaid normally, it can be used to hedge the provident fund principal or to repay commercial housing loans or to renovate existing multi-story residential buildings. Elevator extraction. The account balance and new deposit amount after the employee applies for a loan, and the provident fund is repaid normally, can be used to hedge the principal of the provident fund or to repay commercial housing loans or to install elevators in existing multi-story residences.

Adjustment of loan principal and interest withdrawal policy. The current policy "If there is an outstanding provident fund loan, the provident fund balance in the account of the employee and his or her spouse can only be used to offset the principal and interest of the loan" is adjusted to "If there is an outstanding provident fund loan and the repayment is normal, the employee and his or her spouse can Withdraw the balance from the provident fund account to hedge the principal of the provident fund loan or withdraw it to repay commercial housing loans or install elevators in existing multi-story residences."

The document requires that when repaying the principal and interest of a commercial housing loan, the cumulative amount withdrawn by the employee, his spouse, and the borrower (repayer) shall not exceed the amount of principal and interest the borrower has repaid.

Extend the term of housing provident fund loans. The current "provident fund loan period shall not exceed 30 years at most, and shall not exceed the borrower's remaining years to the statutory retirement age" to be adjusted to: "provident fund loan period shall not exceed 30 years, and the loan maturity date shall not exceed the borrower's 5 years after statutory retirement time”.

The Weifang Housing Provident Fund Management Center explained that the loan maturity date shall not exceed 5 years after the statutory retirement time of the borrower, which refers to: men shall not be over 65 years old, and women shall not be over 60 years old (County Office Senior female cadres or female senior professional and technical personnel with senior professional titles can be extended to 65 years old). If the loan applicant and the co-repayer reach retirement age but are still within the normal repayment period, they cannot handle retirement withdrawal procedures.

Cancel the critical illness withdrawal policy. Weifang City’s current critical illness withdrawal policy exceeds the scope of housing provident fund withdrawals stipulated in the State Council’s “Housing Provident Fund Management Regulations” and the Ministry of Housing and Urban-Rural Development’s “Business Standards for Withdrawal of Housing Provident Funds”. "Notice" requires that the withdrawal policy be cancelled.

Adjust family affection extraction policy. According to Weifang City's current family affection withdrawal policy, "employees and their spouses, parents, and children (referred to as family members) who purchase a self-occupied house can withdraw the housing provident fund of themselves and their family members in one go within 1 year of obtaining a valid house purchase certificate (if any of the family members have already Borrowers and spouses who have used housing provident fund loans cannot withdraw), and family members other than spouses cannot apply for housing provident fund loans after withdrawing according to this policy." Adjusted to: "When a home buyer purchases his first self-occupied house, within one year of obtaining a valid home purchase certificate, he can withdraw the housing provident fund of the home buyer's parents and children in one go (borrowers and spouses of parents and children who have already used housing provident fund loans cannot Withdrawal), after parents and children withdraw according to this policy, this house cannot apply for a housing provident fund loan."

The Weifang Housing Provident Fund Management Center explained that this policy is only applicable to home buyers who purchase their first self-occupied home and apply for family withdrawal of housing provident fund. Those who purchase a second or more homes will not be allowed to apply for family relationship. extract.

Family members with housing provident fund loan records will not be allowed to apply for family withdrawal, and housing provident fund loans will not be applied for the houses purchased for family withdrawal.

If the house purchase contract or real estate certificate registration date is within 1 year, the housing provident fund account balance up to the withdrawal date can be withdrawn in one go; if the house purchase contract or real estate certificate registration date exceeds 1 year, it will not be processed. Family extraction.