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Tianjin Provident Fund Loans Down to 20%

Time: 2015-10-09         Source: Fusion 360         Author: Aki

Recently, Tianjinhousing fundManagement Center issued a news report saying that it will buy a provident fund loanSecond House Down Payment RatioFrom 30% to 20%, and apply for a portfolio loan, it must also meet the commercial bankPersonal housing loanRelevant regulations.

 The specific document is as follows:

All districts, counties, committees (group companies) and units in Tianjin:

According to the “Notice of Adjusting the Minimum Initial Payment of Home Provident Funds for Housing Provident Funds” by the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the People's Bank of China (Jian Jin [2015] No. 128), in order to support the payment of reasonable housing needs of employees , The following is a notification of the city's personal housing accumulation fund (combination) loan policy:

If the employees’ households purchase the second set of housing and other homes that meet the conditions for purchasing a house in the city, the minimum down payment ratio shall be reduced from 30% of the purchase price of the house to 20%. To apply for a portfolio loan, it must also comply with the relevant provisions of commercial bank individual housing loans.

This notice will come into effect on September 1, 2015 and will be abolished on August 31, 2020.

According to the notice issued by the four ministries and commissions of the Ministry of Housing and Urban-Rural Development, from September onwards, for families that own a house and have settled the corresponding purchase loans, to apply for a housing provident fund to entrust a loan to purchase a house for the purpose of improving living conditions, the minimum down payment ratio is lowered. To 20%.

At present, Beijing, Foshan, Harbin, Wuxi, Nanjing, Fuzhou, Jinan, Nanchang, and Changchun have unconditionally implemented the minimum 20% down payment for second-private provident fund loans. Cities such as Chengdu, Qingdao, Wuhan, Dalian, Yinchuan, and Yunnan will implement a conditional down payment of 20%. For example, Chengdu provides a 20% down payment for the first set of provident fund loans that have been settled, and for two suites that do not have a clear provident fund loan, The implementation of the minimum 40% down payment; Yinchuan for the settlement of the provident fund loans, purchase in the Yinchuan area to give 20% down payment; Yunnan has 1 set of housing and have settled the corresponding purchase loans to the family to 20% down payment. Qingdao 2 down payment is only for new houses, second-hand housing needs 60%; Dalian 20% down payment only for 90 square meters below the house; Wuhan is for the 144 square meters below the second suite, more than 144 square meters of the second suite can not apply for provident fund loans. Cities such as Guangzhou, Shanghai, Shenzhen, Haikou, Hangzhou, Hefei, Kunming, Ningbo, Suzhou, and Chongqing have yet to lower the proportion of down payment for the second suite and still implement the minimum 30% down payment, of which Chongqing is the most rigorous, with 40%.

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