Starting this month, the city began to implement provident fund loans to buy second homes with a minimum down payment ratio of 20%. Prior to this, the proportion was 30%.

It should be noted that the minimum down payment for purchasing a second-home provident fund loan in Changzhou is 20%, which needs to meet the conditions that a mortgage has been settled. In addition, if it is a combination of commercial and provident fund loans, the loan ratio is affected by the threshold of commercial loans, and the minimum down payment ratio still needs 40%.

This adjustment does not adjust the conditions and loan amount for applying for provident fund loans.

For citizens who have had two or more housing provident fund loan records, they cannot apply for housing provident fund loans. The staff of the Provident Fund Center suggested that they can apply for interest-bearing loans from public construction developers. As long as the borrower meets the requirements of the first home loan of the bank, he can apply for a listed company.

At present, the longest term of provident fund loans is 30 years, and the loan interest rate refers to the benchmark interest rate of provident fund loans, but the interest rate of secondary loans has risen to 1. 1 times.