The specified period of the housing provident fund loan is calculated based on the lowest value of the following two items.

(1) The loan period for first-hand properties shall not exceed 30 years, and the loan period for second-hand properties shall not exceed 20 years.

(2) The sum of the borrower’s age and the loan term shall not exceed 5 years after the statutory retirement age. The statutory retirement age is generally calculated as 55 for women and 60 for men.

If two or more people purchase the same house and apply for a housing provident fund loan, the loan with the longest term will be used for calculation.