Zhongxin Finance, June 7th. The website of Xuzhou Housing Provident Fund Management Center issued a notice on the implementation of the phased policy of housing provident fund on the 6th, adjusting the down payment ratio of the first housing provident fund loan.
For those who use housing provident fund loans for the first time, the down payment ratio for new commercial housing is adjusted from 30% to 20%, and the down payment ratio for second-hand housing is adjusted from 40% to 30%.
This policy will be implemented from the date of promulgation and will be implemented on a trial basis for one year.
The notice proposes to start the business of withdrawing housing provident fund monthly to repay commercial banks' personal housing loans.
Employees who have never used housing provident fund loans are allowed to withdraw housing provident funds monthly to repay commercial bank personal housing loans.
At the same time, the business of transferring part of the balance of personal housing loans from commercial banks to housing provident fund loans will be suspended.
This policy will be implemented from August 1, 2022.
The notice also proposes to further strengthen cooperation with commercial banks and increase the number of undertaking banks that handle housing provident fund portfolio loan business.
This policy will be implemented from the date of publication.
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