Source: Broker China

Recently, housing provident fund loan policies have been optimized and adjusted in many places.

According to the Securities Times reporter's incomplete statistics, from March 20 to 23, Harbin in Heilongjiang, Jinan and Yantai, Hebei, Tangshan, Hebei, Bijie, Anhui, and Yibin, Sichuan introduced new housing provident fund policies, including increasing the maximum amount of provident fund loans, increasing the maximum loan limit for families with many children by 25%, withdrawing the Provident Fund as a down payment, increasing the calculation ratio for new citizens and young people to 20 times, reducing the down payment ratio, and implementing a “first and later loan” policy.

Chen Wenjing, director of market research at the China Index Research Institute, said in an interview with the Securities Times that optimizing the provident fund policy has been one of the main means to support the development of the real estate market and promote demand release in various regions in the past two years. In the short term, each region may continue to take into account the actual situation of its own provident fund use, and the city may continue to expand, optimizing the certification criteria for two homes, reducing the down payment ratio, increasing the maximum loan amount of the Provident Fund, and supporting commercial transfers to public funds are still important measures for the current adjustment of local provident fund policies. In addition, the down payment of the Provident Fund, offsite loans from the Provident Fund, the Provident Fund Act, and increasing the number of provident fund loans are also reference directions for optimizing provident fund policies in various regions.

Harbin increases the amount of provident fund loans

On March 23, the Harbin Housing Provident Fund Management Center issued the “Notice on Increasing the Personal Loan Amount of the Provident Fund”.

Among them, it is proposed that the maximum loan amount for a single employee be raised from 600,000 yuan to 800,000 yuan, and that the maximum loan amount for a dual employee be raised from 800,000 yuan to 1 million yuan.

This notice is effective as of March 25, 2024.

Jinan unifies the first two maximum loan amounts

On March 22, the Jinan Housing Provident Fund Center issued the “Notice on Adjusting the Housing Provident Fund Loan Policy”.

Among them, it is proposed that the maximum loan amount for the second home is the same as the first home. For those who purchase ordinary self-occupied housing within the administrative area of Jinan City and apply for a housing provident fund loan, the maximum loan limit is 500,000 yuan for families with one person depositing the housing provident fund, and the maximum loan amount of 800,000 yuan for families of two or more workers who have paid up the housing provident fund.

At the same time, for families with two or more children (at least one minor child) purchasing ordinary self-occupied housing in Jinan City and applying for an provident fund loan, the maximum loan amount is increased by 25% according to the family's current maximum loan limit.

Also, if you buy a high-quality home and apply for an provident fund loan, the maximum loan amount will increase by 20% according to the household's current maximum loan limit. High-quality housing is subject to certification by the Housing and Construction Department.

If you buy a house in Tangshan, you can withdraw the Provident Fund as a down payment

On March 22, the Tangshan Housing Provident Fund Management Center issued the “Notice on Launching Down Payments to Withdraw Housing Provident Funds”.

Among them, it is proposed that after April 1, 2024, employees using commercial bank loans or housing provident fund loans (including portfolio loans) within the administrative area of Tangshan City to purchase their first self-occupied housing or a second improved housing unit can apply for a down payment to withdraw the housing provident fund. Those who purchase commercial housing must apply for withdrawal within half a year after the registration and filing of the housing purchase contract; those who purchase existing housing must apply for withdrawal within half a year after signing the housing loan contract. The withdrawal amount is the balance of the housing provident fund account before the date the purchase contract is signed, and the total withdrawal amount for employees and other buyers does not exceed the total amount of the down payment for the home purchase.

Bijie increases loan amount calculation multiples for new citizens and young people

On March 22, according to the “Bijie Housing Provident Fund Management Center” official account, the Bijie Housing Provident Fund Management Committee decided to adjust and optimize policies related to housing provident funds.

Among them, it is proposed to increase the calculation ratio of the amount of Provident Fund loans for new citizens and young people to 20 times; continue to implement the maximum amount of Provident Fund loans for purchasing housing in Qixingguan District to be 600,000 yuan for double workers depositing families and 500,000 yuan for single-worker depositing families, and 500,000 yuan for households purchasing housing in other counties (cities and districts) to apply for provident fund loans for double workers and 400,000 yuan for single-worker households.

At the same time, the “pay and loan” policy continues to be implemented. Depositary workers who buy housing within Bijie City can also apply for a housing provident fund loan while withdrawing the housing provident fund to pay the purchase price (down payment) for the same housing unit.

In addition, preferential policies for families with many children will continue to be implemented. For families that have given birth to two or three children in line with the national maternity policy, the maximum amount that meets the loan conditions when applying for a housing provident fund loan will increase 20% from the current maximum amount of housing provident fund loans in Bijie City; the calculation method for housing provident fund loan amounts is 20 times the balance of the loan applicant and mutual loan applicant's provident fund account.

In addition, preferential policies for high-level talents continue to be implemented. For high-level talents introduced by the Bijie Municipal Committee and Municipal Government, the rental withdrawal amount will increase 20% from the current Bijie Housing Provident Fund maximum rental withdrawal amount; for those who purchase their first self-occupied housing unit in Bijie City within 3 years after introduction and apply for a housing provident fund loan, the maximum loan amount will increase 20% from the current maximum amount of housing provident fund loans in Bijie City. The housing provident fund loan amount is calculated using the 20 balance of the borrower's Provident Fund account double.

Anqing reduces down payment ratio

On March 22, the Anqing Housing Provident Fund Management Committee issued “Opinions on Further Optimizing and Adjusting the Housing Provident Fund Loan Policy”, which will be implemented from April 1.

Among them, it is proposed that if a housing provident fund depositor applies for the first time for a housing provident fund loan to buy a home, the minimum down payment ratio is 20%; if the first loan has been paid off, the minimum down payment ratio is 30% for those applying for a housing provident fund loan to buy a home for the second time.

At the same time, housing provident fund depositors used housing provident fund loans to buy housing for the first time. The loan amount was increased by 100,000 yuan on top of the loanable amount, but not higher than the maximum housing provident fund loan limit in Anqing City.

In addition, all graduates with a college degree or above who work within the administrative area of Anqing City apply for a housing provident fund loan to purchase a home, and the loan amount is increased by 100,000 yuan to the loan amount. If both parties deposit the Provident Fund, the maximum amount is 700,000 yuan, and the maximum amount is 600,000 yuan for those who unilaterally deposit the Provident Fund.

In addition, offsite housing provident fund depositors apply for housing provident fund loans to buy a house in Anqing City and enjoy the same treatment as housing provident fund depositors in Anqing City.

Yibin implements a “pay first, then lend later” policy

On March 20, the Yibin Provident Fund Management Center issued the “Notice on Adjusting and Optimizing Policies Related to Provident Funds”, which will take effect from April 1.

Among them, it is proposed that the “pay first, lend later” policy. Before applying for a housing provident fund loan, employees can first apply for a home purchase withdrawal for the same housing unit, and the withdrawal amount shall not exceed the down payment already paid for the purchase of the home. The remaining account balance after withdrawal is calculated based on 30 times the deposit balance, and the amount already withdrawn is no longer included in the loan amount calculation. The sum of the loan amount (including provident fund loans and portfolio loans) plus the amount of the withdrawn purchase amount does not exceed the total purchase amount of the home.

At the same time, it was proposed that the housing provident fund loan guarantee policy. When applying for a housing provident fund loan, the loan amount can be raised to 500,000 yuan when calculating the single-worker housing provident fund loan amount according to 30 times the deposit balance. If other loan conditions meet the requirements, the loan amount can be raised to 350,000 yuan; when calculating the loan amount for a double worker, it is less than 500,000 yuan based on 30 times the deposit balance.

In addition, the method for determining the number of housing units has been adjusted. When applying for a housing provident fund loan, unsettled housing commercial loans to the depositary workers' families are no longer calculated; only housing provident fund loan records are calculated. If there is no housing provident fund loan record, the first home housing provident fund loan policy will be implemented; if there is a settled housing provident fund loan record, the two-home housing provident fund loan policy will be implemented.

In addition, the six-month time limit for depositary workers to apply for housing provident fund loans after withdrawing housing provident funds has been abolished.

Yantai raises loan limit

On March 20, the Yantai Housing Provident Fund Management Center issued the “Notice on Optimizing and Adjusting Policies Related to Housing Provident Funds”, which took effect on March 21.

Among them, it is proposed to adjust the upper limit of housing provident fund loans from 600,000 yuan to 800,000 yuan. The maximum amount of personal housing loans from the Housing Provident Fund was adjusted to 900,000 yuan for the purchase of high-quality residences such as newly built prefabricated houses or passive ultra-low energy consumption self-occupied houses (two-star or above green building standards). The maximum amount for high-level talents to purchase the family's first home was adjusted to 1 million yuan; for those applying for a commercial loan to a housing provident fund loan, the maximum amount was unified at 800,000 yuan. For families with two and three children in line with the national maternity policy, the maximum amount was adjusted to 1 million yuan.

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