Urumqi’s new provident fund policies for 2021 are as follows:

1. Increase the maximum amount of provident fund loans. The notice points out that prefectures and cities with an individual housing provident fund loan rate below 85 must follow the local regulations The level of housing prices and loan demand will be adjusted in a timely manner to increase the maximum amount of housing provident fund loans, and unreasonable restrictions in determining the actual loan amount will be eliminated. In principle, the maximum loan amount should not be less than 80% of the total price of ordinary commercial housing. Employees with normal deposits can withdraw the housing provident fund of themselves and their spouses once a year to pay for the property management fees of ordinary self-occupied houses;

2. Promote the off-site loan business, the notice requires, and all localities must vigorously promote it Non-local loan business enables mutual recognition and transfer of housing provident fund payments and deposits in different places. At the same time, areas with high personal housing provident fund loan rates and tight funding needs to take a variety of measures to actively raise funds to meet employees' loan needs through interest discounts, portfolio loans, "public transfers" and short-term borrowing. In view of the current situation that some areas in the district have high personal housing provident fund loan rates and insufficient liquidity, while some areas have more accumulated funds and low fund utilization rates, it is necessary to establish a mechanism to regulate the use of funds. Housing provident fund management centers in various regions can allocate funds to each other based on the principles of equality, mutual benefit, and limited deadlines;

3. Reduce the approval process and notify special requirements. On the basis of ensuring the safety of funds, all regions must Further optimize business processes, eliminate approval links, shorten management time limits, and improve work efficiency. Eliminate the review process of the employee unit for withdrawing housing provident fund and depositing it; the purchase of new commercial housing is managed to withdraw the housing provident fund and pay the down payment, and the requirement for withdrawing the down payment receipt is eliminated; the sealed employees who have reached the legal retirement age can handle the retirement withdrawal of housing provident fund by providing their ID cards For business, the requirements for collecting retirement certificate materials are eliminated; if employees who do not own a house withdraw housing provident funds to pay rent, they do not need to provide other certification materials except for identity certificates and certificates of own and couple’s lack of housing. If the employee's loan application materials are complete, the approval must be completed within 10 working days.

Laws and Regulations

"Housing Provident Fund Management Regulations"

Article 3 The housing provident fund paid by individual employees and the housing provident fund paid by the employee's unit for employees , owned by individual employees.