The new policy of second-home provident fund loan requires a down payment of 50%. The provident fund can only lend 50% of the house price, and there are also requirements for the balance on the card. The loan amount is 10 times of the balance on the card, and less than 20,000 is counted as 20,000.

If you have never applied for a provident fund loan before and want to improve your residence and buy a house this time, you can apply for a provident fund loan (as long as you have paid the provident fund and have not applied for a provident fund loan). Interest is calculated at 4.5%. If you apply for a pure provident fund loan, the total house price will be reduced by how many provident fund loans you can borrow, and the rest is the down payment, which depends on how many provident fund loans you can apply for. But the minimum down payment cannot be less than 20%. If both husband and wife pay the provident fund, the loan amount will be much higher.

If the requirements of the provident fund loan portfolio, the down payment ratio of the second suite and the interest rate of the commercial bank are not exactly the same, you should consult the local commercial bank where you want to apply for a loan.