The reporter recently learned from the Wuhan Housing Provident Fund Management Center that Wuhan recently launched the Detailed Rules for the Implementation of Individual Housing Loans for Newly Built Commercial Housing Housing Provident Fund in Wuhan and the Detailed Rules for the Implementation of Individual Housing Loans for Housing Provident Fund in Stock Housing in Wuhan, which will be implemented from now on. The new regulations relax the loan restrictions for second homes and extend the maximum term of second-hand housing loans.

The new regulations delete the condition that the building area of the original first suite is below 144 square meters in the identification of the second suite. This means that if the paid employees meet the conditions of Wuhan provident fund loan, and the house applying for provident fund loan is identified as the second suite, and the area of the first suite under the family name exceeds 144 square meters, they can still apply for the second suite provident fund loan. At the same time, the new loan regulations changed the original "the longest loan period of second-hand housing provident fund is 20 years" to "the longest loan period of stock houses does not exceed 30 years".

According to the relevant person in charge of Wuhan Housing Provident Fund Management Center, after the implementation of this new regulation, the term of provident fund loans applied by second-hand housing buyers can be extended by 10 years compared with that before the adjustment of the detailed rules, which can reduce the pressure on family repayment.