Guizhou housing provident fund loan policy adjusted

The Guizhou Provincial Housing Fund Management Center   ̶ based in Guiyang, capital of Southwest China's Guizhou province   ̶ recently adjusted its policies for the provincial housing provident fund and its employees.

The changes stipulate that starting from July 1, the restriction that two provident fund personal housing loans must be separated by 12 months or more has been withdrawn.

The notice also adjusted the criteria for determining the first provident fund housing loans. That is: at the time of application, if the paid-in employee's family has settled all the house purchase loans, the re-applying loan shall determine the down payment ratio according to the first house loan and the minimum shall not be less than 20 percent.

If the family has an unsettled house loan, the minimum ratio is not less than 30 percent; if the family has two or more housing loans that have not been settled, they cannot apply for the loan.

If the family has one or more settling provident fund loans, they can apply for the loan again and the loan interest rate shall be 1.1 times the personal housing loan interest rate of the first housing provident fund in the same period.

In addition, the notice proposes that, for the same house, the families of employees who have deposited them can withdraw the housing provident fund to pay for the purchase of the house before applying for the loan.