Mutual recognition and mutual loan of housing provident fund means that employees of enterprises deposit housing provident fund in a city. Workers need to buy a house in other places when their jobs are transferred or their registered permanent residence is moved to other places. The housing accumulation fund they pay will be consistent with the place where they work or where their new account is located, and there will be no mistakes, so that "the account will go with the person and the money will go with the account" and "the deposit time will be uninterrupted and the deposit amount will be calculated together".

Now, mutual recognition and loan has grown from four provinces to 20 cities, including Huangshi, Yueyang, Jiujiang, Huanggang, Zhuzhou, Fuzhou, Xianning, Xiangtan, Yichun, Yichang, Jingzhou, Ezhou, Xiaogan, Tianmen, Xiantao and Qianjiang.

Extended data

Provident fund loan amount

The loan amount of the provident fund is regulated according to levels, with the highest loan of 800,000 for Grade A, 920,000 for Grade AA and 0/0.04 million for Grade AAA. The longest loan period of the provident fund is 30 years, which is subject to the age of the husband and wife, and the age plus loan period cannot exceed 70, which is also related to the age of the building. The building age plus loan period of brick-concrete structure cannot exceed 47, and the building age plus loan period of steel-concrete structure cannot exceed 57.

The specific loan amount is:

First, it must not exceed the individual repayment ability, that is, the sum of the borrower's monthly deposit/the borrower's spouse's provident fund deposit/the borrower's spouse's provident fund deposit ratio ×50%× 12 (month )× the loan period;

Second, the purchase of the first set of ordinary self-occupied housing shall not exceed 70% of the purchased housing price (if the construction area of Xing Tao is below 90 square meters (inclusive), it shall not exceed 80% of the purchased housing price);

Third, borrowers (including spouses) should have the ability to repay the principal and interest of loans, and the average monthly income should not be lower than the minimum living standard for urban and rural residents in this city.

The longest term of housing provident fund loans is 30 years. In principle, the sum of the borrower's age and the number of years of applying for loans shall not exceed 5 years after his statutory retirement age, that is, male employees can borrow until 65 years old and female employees can borrow until 60 years old.