Guiyang updates measures for provident fund loan

The Guiyang Housing Provident Fund Management Center recently issued a notice on several measures to promote the virtuous circle and healthy development of the real estate industry and clarified four policy measures. The notices were implemented from the date of issuance and will cease to be implemented on July 31, 2023.

The city adjusted the criteria for identifying the first apartment for individual housing loans from housing provident funds. If the paid-in employee family has settled all personal housing loans or has only one unsettled commercial personal housing loan, the down payment ratio shall be determined according to the first housing loan, and the minimum shall not be less than 20 percent.

If the employee's family has one or more settled housing provident fund personal housing loans and applies for a housing provident fund personal housing loan again, the loan interest rate shall be 110 percent of the first housing provident fund personal housing loan interest rate for the same period.

The city canceled the previous restriction where two housing provident fund personal housing loans must be separated by more than 12 months and will support provident fund personal loan with supplementary interest.

In addition, for the same house, employees in Guiyang can apply for a housing provident fund personal housing loan after withdrawing the housing provident fund for an additional down payment.