1May 4, Guangdong Foshan Housing Provident Fund Management Center issued the Notice on Adjusting the Housing Provident Fund Mortgage Loan Policy in our city, stating that Article 16 of the Measures for Housing Provident Fund Mortgage Loan in Foshan City (Fo Jin Fang Guan [2019] No.509) was adjusted as follows: "Individual employees who have paid in can apply for housing provident fund loans twice; You can't apply again until the first loan is paid off. Loans may not be issued to employees who have used housing provident fund loans twice. "
Previously, the policy implemented by Foshan City was "Measures for Housing Mortgage Loan of Foshan Housing Provident Fund" (Fo Jin Fang Guan [2019] No.509), which was released on 20191.8. Article 16 of the original policy shows: "Individual employees who pay housing provident fund can apply for a second loan. It is not allowed to issue loans to employees who have used the loan record twice. "
Regarding the background of this policy revision, Foshan Provident Fund Management Center explained that according to the contents of the Ministry of Housing and Urban-Rural Development, "If the housing provident fund loan has not been paid off, the first set of housing provident fund loan principal and interest must be paid off before the loan can be approved", the housing provident fund mortgage loan method of our city has been revised.
In terms of loan amount, the policy shows that the accumulated housing provident fund 1 year (inclusive) is more than 2 years (exclusive), and the maximum personal loan amount does not exceed 300,000 yuan; Accumulated housing provident fund paid in full and on time for more than 2 years (inclusive), and the maximum personal loan amount shall not exceed 400,000 yuan; Accumulated housing provident fund has been paid in full and on time for more than 3 years (inclusive), and the maximum personal loan amount does not exceed 500,000 yuan. If the loan is still insufficient and the individual has repayment ability, he can apply for a combined loan (housing provident fund loan+commercial loan) at the same time.
Foshan Housing Provident Fund Management Center pointed out that the adjusted Measures for Housing Mortgage Loans of Foshan Housing Provident Fund will be implemented from May 1 2020 (subject to the time when a valid loan application is submitted to the center), and the validity period is 5 years.
At the same time, the former Foshan Housing Provident Fund Management Center "Foshan Housing Provident Fund Housing Mortgage Loan Measures" (Fo Fang Jin Guan [2019] No.509) was abolished.