Foshan City tightens the housing provident fund loan policy. Before the principal and interest of the first housing provident fund loan are paid off, you cannot apply for a housing provident fund loan again.
On April 15, the Foshan Housing Provident Fund Management Center of Guangdong Province issued the “Notice on Adjusting the Mortgage Loan Policy of the Housing Provident Fund in Our City”, saying that “Foshan Housing Provident Fund Housing Article 16 of the “Mortgage Loan Measures” (Fofang Jinguan [2019] No. 509) was adjusted to read: “Individual employees who have deposited can apply for a housing provident fund loan twice; they cannot apply again before the first loan is paid off. The employees who use the record of sub-housing provident fund loans issued loans. “
Previously, the policy implemented by Foshan City was the” Foshan Housing Provident Fund Housing Mortgage Loan Measures “(Bufang Jinguan [ 2019] No. 509), the policy was released on November 8, 2019. Article 16 of the original policy shows: “Individual employees who provide housing provident funds can apply for two loans. No loans can be granted to employees who have used the loan records twice.”
Regarding the background of this policy revision, the Foshan Provident Fund Management Center interpreted that according to the content of the Ministry of Housing and Urban-Rural Development “If any housing provident fund loan is outstanding, the principal and interest of the housing provident fund loan of the first set of housing must be paid off before the loan can be approved”, Modify the city’s housing provident fund mortgage loan method.
Regarding the loan amount, the policy shows that the cumulative accumulation of the housing provident fund on time and in full for more than 1 year (inclusive) and more than 2 years (excluding), the highest personal loan amount No more than 300,000 yuan; accumulatively and timely deposit of housing provident funds in full for more than 2 years (inclusive), and the maximum loan amount for individuals is not more than 400,000 yuan; accumulatively full payment of housing provident funds in full for more than 3 years (inclusive), The maximum loan amount for individuals is no more than 500,000 yuan. If the loan is still insufficient, and the individual has the ability to repay, he can apply for a combination loan (housing provident fund loan + commercial loan) at the same time.
Foshan Housing Provident Fund Management Center pointed out that the adjusted Foshan Housing Provident Fund Housing Mortgage Loan Measures will be implemented from May 1, 2020 (with valid loan application The time to submit to the center shall prevail), valid for 5 years.
At the same time, Abolish the Foshan Housing Provident Fund Management Center, Foshan Housing Provident Fund Housing Mortgage Loan (Fofang Jinguan [2019] No. 509).