According to the Natural Resources and Planning Bureau of Anqing City, Anhui Province, on June 7, the "Several Measures on Responding to the Impact of the Epidemic to Promote the Virtuous Circulation and Healthy Development of the Real Estate Industry" (hereinafter referred to as the "Measures") released by the city of Anqing put forward to increase the amount of provident fund loans, reduce the burden of individual housing consumption and other 11 measures.

Increase the amount of provident fund loans

003010 shows that Anqing City will adjust the housing provident fund policy. The maximum loan amount will be raised from 450,000 yuan to 500,000 yuan for couples who contribute to the housing provident fund, and from 350,000 yuan to 400,000 yuan for those who contribute unilaterally.

Where in the administrative area of Anqing City, the first application for housing provident fund loans to buy new commercial housing, the minimum down payment ratio of 20% (second-hand housing for a minimum of 30%); if the first loan has been repaid, the second application for housing provident fund loans for the purchase of new commercial housing, a minimum of 30% (second-hand housing for a minimum of 40%), the loan interest rate for the housing provident fund loans The first is the 1.1 times of the prime rate of interest.

The Measures show that enterprises affected by the epidemic can apply for a moratorium on housing provident fund contributions from June to December 2023 according to the regulations, and make up the contributions after the expiration of the period. During this period, contributing employees normally withdraw and apply for housing provident fund loans, not affected by the deferral; contributors affected by the epidemic can not normally repay housing provident fund loans during the period from June 1 to December 31, 2023, is not overdue, and will not be submitted to the credit department as a record of delinquency. Increase the maximum amount of rental housing provident fund withdrawals to a maximum of 1,200 yuan per month per household, within the maximum amount according to the actual rental expenses.

Credit policy: reasonable delay in the repayment period for homebuyers and flexible adjustment of repayment plans.

Encourage financial institutions to simplify the approval of materials, optimize the approval process, and strive to complete the approval of complete information within 2 working days, the same day after the filing of the release of funds. Encourage financial institutions to waive fees such as contract change fees and bear the costs of mortgage registration fees for personal housing loan customers, second-hand housing mortgage collateral assessment fees and other costs.

Anqing also proposed to support enterprise project loans. The financial institutions shall not draw loans without reason, cut off loans, pressure loans, to ensure that real estate development enterprises, building construction enterprises and personal housing loans in an orderly manner. Encourage financial institutions, in accordance with the principles of marketization and the rule of law, to support enterprises that are seriously affected by the epidemic and have difficulties in repaying their loans at maturity, and to submit their credit records in accordance with the adjusted repayment arrangements. Guiding all financial institutions to maintain a reasonable growth in credit for real estate development enterprises and ease the liquidity difficulties of market players.

Optimizing the supervision of pre-sale funds for commercial properties.

For real estate enterprises, Anqing also proposed a number of support measures.

Optimizing the commercial/residential ratio of newly sold plots. The overall balance of building capacity of newly sold commercial plots is allowed. At the same time, if the adjacent parcels within the same parcel of newly-sold land are for business purposes, the overall balance of building capacity between parcels is allowed according to the maximum total capacity area, and the planning and construction programs can be submitted for approval simultaneously.

At the same time, delayed delivery is allowed. Due to the epidemic, not delivered in the construction, to be sold commercial housing projects delivery period can be extended by 30 days, unless otherwise agreed by both parties. Real estate development enterprises in the stage of difficulties, the local government and relevant departments to adhere to the laws of the market at the same time, in accordance with the principle of "one enterprise, one policy", and actively help enterprises to solve practical difficulties.

003010Show Anqing City will explore the project acceptance method in phases. The establishment of acceptance criteria, under the premise of meeting the planning permission, as far as possible to have met the use of the function of the unit of the project alone for the completion of the acceptance. Residential, commercial, office and other on-sale development projects, shall not be approved in a "Zhang Construction Project Planning Permit" corresponding to the scope of the land in separate planning.

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Optimize the supervision of commercial property pre-sale funds. Appropriately adjust the flexibility and adaptability of the allocation and use of regulatory funds. before December 31, 2023, moderately reduce the key regulatory funds control standards, and according to the actual progress of the project to be allocated. If the same group company has more than one development project in Anqing (including counties and cities), according to the principle of "one policy for one city", it can coordinate the use of regulatory funds under the premise of guaranteeing the development and construction of the project and guaranteeing the delivery of buildings. Commodity housing pre-sale funds regulatory account was frozen by the people's court, real estate development enterprises, commercial housing construction project creditors, material creditors, leasing equipment creditors request the use of pre-sale funds regulatory account funds to pay for the construction progress, material and equipment and other funds required for the construction of the project, or buyers due to the termination of the contract of the purchase of housing application for the refund of the purchase price, the commercial bank shall be agreed by the housing and construction departments to pay in a timely manner.

Proofreading: Zhang Yan

Related Q&A: How to get a CPF consumer loan

1, bank processing. Some banks are able to handle CPF consumer loans, such as Everbright Bank, China Merchants Bank, Minsheng Bank and CITIC Bank can handle CPF consumer loans. After the bank accepts the loan application, it will usually review the applicant's credit, repayment ability and provident fund account.

2, online lending platform loans. Apart from banks, many P2P online lending platforms also offer CPF loan services. For example, Yiren Loan usually requires authorization for personal provident fund account inquiries when applying.

3. In fact, the so-called CPF consumer loans based on CPF do not look at the balance of the CPF account, but rather the CPF is used as the basis for the applicant's credit review.

Related Q&A: Is there a CPF consumer loan? Recently a bank staff said that I can apply for it at the bank?

In recent years, as the economic downward pressure increases, many small and medium-sized enterprises (SMEs) are facing very great operating pressure, and each industry has a very obvious "Matthew effect", that is, the strong are getting stronger and stronger, and the weak are getting weaker and weaker and weaker or even clearing out from the market. The leading companies in each industry are just a few, and these leading enterprises are fixed with a few large banks to carry out business cooperation, invariably, equivalent to the large banks robbed many small and medium-sized banks of their business. So, many small and medium-sized banks have turned to personal loans, especially in these years with the concept of consumer upgrading and the use of financial technology in the field of personal consumer loans, more and more consumer loans to the market, and there are a lot of consumer loans with very favorable interest rates, which provident fund consumer loans is a very typical consumer loans.

01 Provident Fund Consumer Loan is not a provident fund loan

Although the name is Provident Fund Consumer Loan, and this loan has some relationship with the provident fund, it is not a provident fund loan. This loan is actually a pure credit commercial loan issued by a commercial bank to a specific group of people for personal consumption with the help of the big data of the employees' contribution to the housing provident fund as a reference for loan approval.

02 CPF consumer loans are only targeted at certain groups of people

As the name suggests, the prerequisite for applying for a CPF consumer loan is that you must be a CPF contributor. So why would a bank develop a consumer credit product for this group of people? According to the annual report of the Housing Provident Fund Management Center published around the world, a large proportion of the housing provident fund contributors are civil servants, public sector workers, and state-owned enterprise workers, especially in less developed areas, this proportion will be higher, while in the economically active areas of the north, Guangzhou, and Shenzhen, this proportion will be slightly lower.

The two charts above show the percentage of housing fund deposits in Qingyuan, a prefecture-level city in northern Guangdong province, with state agencies, institutions and state-owned enterprises accounting for nearly 50 percent of both deposits and employees.

The above is the housing provident fund deposit in Shaanxi Province, where state organs, institutions and state-owned enterprises account for an even higher proportion. Therefore, it can be said that there are contributions to the housing fund of this part of the people, most of them have a stable source of income, and the income in the local is not low, that is, each bank is in pursuit of quality personal customers, it is not difficult to understand why the bank will be targeted at this part of the people to develop a special consumer loan products.

03 CPF consumer loans through the CPF payment situation reverse personal income

The above mentioned, have to pay the housing fund of this part of the people, most of them have a stable income of the people, this characteristic in the less economically developed areas more obvious. And in economically developed areas, because of the active economy, many private enterprises are strong and also contribute to the housing provident fund, this type of enterprise workers may be more economically capable. When banks introduce CPF consumer loans to these people, they have already circled the more economically powerful people in the area, who have the will to spend and the ability to repay. Banks can inquire about the loan applicant's housing provident fund contribution record after getting authorization, and can learn important information such as the applicant's years of work and salary and income over the years, which, together with personal credit information, can easily calculate the applicant's repayment ability, honesty, and other important information, so as to make a quick loan approval.

04 CPF consumer loans usually have favorable interest rates and fast approval

Given that the people who qualify for CPF consumer loans are relatively high-quality customers, the loan interest rates offered by various banks are relatively favorable, with the lowest being the benchmark rate, and the approval of these loans is relatively simple, with no collateral required, and they are generally purely credit-based loans. The first thing you need to do is to provide the relevant information online and authorize the query of the housing fund contribution, you can get the feedback of whether the loan is approved or not.