The Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the Central Bank have recently issued new regulations: from September 1 day, the minimum down payment ratio will be reduced from 30% to 20% for households with 1 house who have settled the corresponding housing loans and applied for housing provident fund entrusted loans again.

For individuals who own 1 house and settle the corresponding housing provident fund loans, when purchasing a second ordinary self-occupied house and applying for provident fund loans, the second housing loan policy will be implemented, with a minimum down payment ratio of 30% and a maximum loan amount of 800,000 yuan. According to the previous policy, the interest rate of buyers who use provident fund loans to buy a second home will rise by 10%.

The loan period of provident fund is in years, and the longest loan period is not more than 30 years. The sum of the loan period applied by the employee and the actual age at the time of applying for the loan shall not exceed 70 years old. According to the housing provident fund loan interest rate stipulated by the Ministry of Housing and Urban-Rural Development and the People's Bank of China. At present, the annual interest rate for five years or less is 4.00%; The annual interest rate for more than five years is 4.50%.