The minimum term of the loan is 1 year, the maximum term is 30 years, and men must not be 60 years old before, and women must not be 55 years old before. (Housing provident fund loan period) For employees who meet the following three conditions (see the right column), the loan can be opened until the age of 65 for men and until the age of 60 for women. (Housing provident fund loan period)

(1) The man is over 50 years old and the woman is over 45 years old;

(2) The provident fund has been paid for more than 3 years (inclusive) ;

(3) Apply for provident fund loan for the first time since depositing provident fund. (Housing provident fund loan period) The specific quota calculation formula is: the salary base of the applicant and the general applicant’s monthly provident fund payment × × 12 months × loan period. (Housing provident fund loan period)

The down payment for a first-time home purchase shall not be less than RMB 30, and the down payment for a second home purchase shall not be less than RMB 50,000