The longest term of provident fund loans shall not exceed 30 years. For portfolio loans, the loan terms of provident fund loans and commercial housing loans must be the same.

Housing provident fund loans refer to housing mortgage loans issued by local housing provident fund management centers to on-the-job employees who paid housing provident fund and retired employees who paid housing provident fund during their employment.

Extended data:

Times Weekly reporter found that the number and amount of personal loans issued by provident funds in various cities showed positive growth. Among them, Xiamen's performance is the most obvious: in 20 18, Xiamen issued 9,200 individual housing loans and 74 10 billion yuan, up by 155.56% and 23 1.54% respectively.

Compared with 20 17, this change is particularly obvious. 20 17 the number and amount of personal loans issued by provident funds in many cities decreased from the previous month. Take Xiamen as an example. In 20 17, Xiamen only issued 3,600 individual housing loans and 2.235 billion yuan, down by 73.04% and 73.95% respectively.

Under the real estate market regulation environment in 20 17, the housing provident fund policy and mortgage policy were tightened simultaneously, and the provident fund loans were greatly reduced in that year. By 20 18, with the policy support of provident fund loans and the increasing proportion of just-needed loans in the annual market transactions, the demand for provident fund loans has also increased accordingly.

References:

20 18 housing provident fund loans behind the "strictest New Deal" reached a new high.

References:

Baidu encyclopedia-housing provident fund loan