The housing provident fund loan limit is the maximum loan amount that an individual can apply for using a provident fund loan. Employees who have a local urban permanent residence and have established a housing provident fund system for more than 6 months when purchasing, constructing, renovating, or overhauling self-occupied housing can apply for a housing provident fund loan. The personal provident fund loan amount shall not exceed the prescribed multiple of the deposit balance and the monthly repayment amount No more than 60% of family income.

Legal Basis

Article 6 of the "Regulations on the Administration of Housing Provident Fund"

The deposit and loan interest rates of the Housing Provident Fund are proposed by the People's Bank of China, after consultation with the Construction Administration of the State Council. After receiving the opinions of the competent authorities, it shall be submitted to the State Council for approval.

Article 26

Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center.