In order to optimize the linkage policy between deposits and loans, the Hainan Provincial Housing Provident Fund Management Bureau has issued a notice seeking public opinion on plans to adjust the personal housing loan policy of the housing provident fund. The consultation period is from November 29 to December 28.
The adjustment involves the loan amounts for individuals purchasing new homes, second-hand homes, self-built homes, as well as rebuilding and major repairs of self-occupied housing, and the policy of increasing loan amounts for families with two or more children and for purchasing new self-occupied housing in green building projects.
After the adjustment, the maximum loan amount for individuals purchasing newly built self-occupied housing will be raised from RMB700,000 to RMB800,000, and for couples from RMB1 million to RMB1.1 million. For purchasing second-hand self-occupied housing, the maximum loan amount for individuals contributing to the housing provident fund will be lifted from RMB400,000 to RMB600,000, and for couples from RMB700,000 to RMB900,000.
For constructing self-occupied housing, the maximum loan amount for individuals contributing to the housing provident fund will be elevated from RMB200,000 to RMB300,000, and for couples from RMB400,000 to RMB500,000. The maximum loan amount for rebuilding and major repairs of self-occupied housing will be uniformly adjusted to RMB200,000 for individuals and RMB400,000 for couples.
In addition, families with two or more children purchasing new or second-hand self-occupied housing will have their maximum loan amount up by 20%, purchasing new self-occupied housing in two-star or higher green building projects will have their maximum loan amount up by 10%, and purchasing affordable housing will have their maximum loan amount up by 10%, with the conditions for increase being cumulative.