Reduce the minimum down payment ratio of provident fund loans, implement the identification standard of "only recognizing loans but not recognizing houses", and increase the maximum amount of provident fund loans ... What is ahead of the adjustment of commercial bank loans is the loosening of multi-site provident fund loan policies.

Guangxi Beihai: Reduce the down payment ratio of provident fund loans

65438+1October 12 Beihai Housing Provident Fund Management Center issued the Notice on Adjusting Housing Provident Fund Loan Policy, clearly reducing the down payment ratio of provident fund loans. Beihai has also become the first city in China to reduce the down payment ratio this year.

The core content of the "Notice" is that the minimum down payment ratio will be reduced from 60% to 40% if the employee's family deposits the employee to buy a second house or apply for a second housing provident fund loan.

"This policy of reducing the down payment is more effective than increasing the loan amount, lowering interest rates or accelerating the pace of lending. Because the down payment ratio has been lowered, the pressure on buyers to purchase houses has dropped significantly objectively. " Yan Yuejin, research director of the think tank center of Yiju Research Institute, said.

Beihai's direct "drug abuse" this time is also because its property market is in a state of great need to encourage transactions. According to the data released by the Statistics Bureau of Guangxi Zhuang Autonomous Region, the cumulative sales area of commercial housing in Beihai from 202 1 to 12 was 2,792,700 ㎡, up 3.9% year-on-year, and the cumulative sales volume was166.92 million yuan, down 4% year-on-year.

According to the data in the Inventory Report of 100 Cities in China by Yiju Research Institute, the inventory cycle of Beihai property market was 23.7 months at the end of 20021,and it was generally in a city with relatively difficult destocking.

Downward real estate market calls for policies. Yan Yuejin believes that other cities in the country are expected to actively follow up, and even commercial bank loans will reduce the down payment.

Zigong, Sichuan: Cancel the "Recognition of Housing and Recognition of Loan"

18 10 18, the housing provident fund management center of Zigong city, Sichuan province issued the Notice on Issues Related to Adjusting the Housing Provident Fund Policy, relaxed the policy of identifying the number of housing units, and implemented the identification standard of "only recognizing loans but not recognizing houses".

The notice clearly States that there is no record of housing provident fund loans and no outstanding housing commercial loans, which shall be implemented according to the first home loan policy; If there are records of housing provident fund loans that have been settled or commercial housing loans that have not been settled, it shall be implemented according to the second home loan policy.

Previously, Zigong identified the first home provident fund loan as "recognizing the house and recognizing the loan": there is no complete house in the housing registration information system, and there is no record of housing provident fund loan or outstanding housing commercial loan in the credit report.

"That is to say, whether there is housing or not, as long as there is no record of provident fund loans or commercial loans are not settled, they can be carried out in the way of the first suite." Yan Yuejin explained that similar regulations have obviously lowered the threshold, allowing more buyers to subscribe for housing according to the proportion of the first suite, that is, from 40% down payment to 20%, which obviously has a very good stimulating effect.

Jaco, dean of the branch of Anjuke Real Estate Research Institute, believes that Zigong's policy of "denying loans but not houses" is actually a relaxation of regulation, and the determination of the number of housing units has been reduced from "double scale" to "single scale", which is helpful to improve market transactions.

Zigong Provident Fund Center once disclosed in the 2020 annual report of Zigong Housing Provident Fund that from 20 16 to 20 18, due to policy factors, the growth rate of the city's provident fund deposit remained above 10%; 20 19, the growth rate will drop to about 3% in 2020, and the growth will slow down. The phenomenon of weak expansion and growth of provident fund deposits has emerged.

"This policy has certain benefits for increasing the population. For example, if the provident fund loan was not used in the early stage, it will be implemented in accordance with the first suite in the process of changing houses, and the down payment conditions and loan interest rate will be more favorable. " Jaco said.

Boost market confidence and promote the release of reasonable housing demand

In addition to the above two places, Nanning, Qingdao, Jinan, Maanshan, Ningbo and other cities have recently adjusted the provident fund rules, including increasing the maximum amount of provident fund loans, relaxing the number of provident fund loans, household registration restrictions, loan conditions, and increasing the loan amount for the birth of two children and three children.

As early as the fourth quarter of 20021,many places have begun to adjust their provident fund policies. Chen Wenjing, deputy research director of the Index Division of the Central Reference Institute, pointed out that the adjustment of provident fund policy at the end of 20021was aimed at talents, new citizens and other groups.

"Since the beginning of this year, some cities have adjusted the standards for recognizing loans and not recognizing houses, and lowered the minimum down payment ratio. And the adjustment of the provident fund has been continuously strengthened and the coverage has been further expanded. " Chen Wenjing believes that the adjustment of provident fund policy is conducive to boosting market confidence and promoting the positive release of reasonable demand to a certain extent.

The Central Economic Work Conference proposed "supporting the commercial housing market to better meet the reasonable housing needs of buyers". What is a reasonable housing demand? The China Banking Regulatory Commission previously said that at this stage, we should focus on meeting the mortgage demand of the first suite and improved housing according to different local conditions. That is, reasonable housing demand includes both rigid self-occupation demand and improved housing demand.

Chen Wenjing believes that in the short term, it is expected that the real estate credit environment will continue to improve, and more cities will follow up and adjust the provident fund policy. However, the relaxation of the criteria for determining the limit of provident fund loans is more promoted in small and medium-sized cities, and the adjustment expectation in big cities is smaller.