Chaozhou, Guangdong: The minimum down payment ratio when applying for a housing provident fund personal loan for the second time is reduced to 30%

On September 18, according to the public account "Chaozhou Provident Fund", in order to support rigid and improved housing demand and promote a virtuous cycle and healthy development of the real estate market, the Chaozhou Housing Provident Fund Management Center issued the "Notice on Revising the Relevant Regulations on Housing Provident Fund Personal Loans" to revise the relevant regulations on housing provident fund personal loans.

According to the "Notice", in terms of increasing the loan limit, based on the family unit, if both husband and wife have paid housing provident fund, the maximum limit for the second personal loan of housing provident fund will be increased to 600,000 yuan; if only one spouse of the couple has paid housing provident fund, the maximum limit for the second loan will be 400,000 yuan. The first loan limit remains unchanged.

In terms of reducing the down payment ratio, the down payment ratio for the second application for a housing provident fund personal loan is changed from no less than 50% to no less than 30%.

At the same time, the loan period is increased. The housing provident fund personal loan period is limited to the repayment period of 5 years after the main borrower reaches the legal retirement age, and the maximum period shall not exceed 30 years.

In terms of adjusting credit reporting regulations, the "Notice" lists four specific contents:

First, in the People's Bank of China's personal credit report (referred to as "credit report") of housing provident fund personal loan applicants (including spouses or co-borrowers), the "five-level classification" must be "normal" classification, and other "concern, substandard, doubtful, loss" classifications will not apply for loans.

Second, in the credit report, all types of credit cards (including credit cards or quasi-credit cards) must not have more than five overdue records within two years. Loans will not be applied for if there are more than five overdue records.

Third, in the credit report, various types of loans (including personal housing loans, personal commercial housing loans, and other types of loans) must not have more than two overdue records within two years. Loans will not be applied for more than two overdue records.

Fourthly, the applicant no longer signed the "Letter of Commitment to Repay the Repayment in Full and on Time".