1. Increase the loan amount. For employee families who have given birth to two children, the maximum loan amount will be increased by 150,000 yuan for the purchase of the first set of owner-occupied housing and 250,000 yuan for the purchase of the first set of owner-occupied housing for the application of public provident fund loans;
2. Increase the limit of renting and withdrawing. For the birth of two children of the employee's family in the location of housing fund contributions without own housing rental housing, rental housing withdrawal limit increased to 800 yuan per month; for the birth of three children of the employee's family in the location of housing fund contributions without own housing rental housing, rental housing withdrawal limit increased to 1,000 yuan per month.
Process of provident fund loans:
1, preliminary examination: the housing fund management center of the applicant to submit materials for preliminary examination, including the applicant's qualifications, the loan amount, the loan period, the preliminary examination after passing, the center issued "collateral review and assessment notice";
2, assessment: the applicant with the "collateral review and assessment notice" to the center of the designated appraisal organization to assess the value of the house purchased. Affordable housing does not require appraisal;
3. Audit: The applicant holds the Appraisal Report issued by the appraisal institution and the preliminary materials required by the center to the center for loan audit. If qualified, the center will issue a "Notice of Investigation of Guaranteed Entrusted Loan from Housing Capital Management Center";
4. Handling of Guarantee Procedures: The applicant will hold the "Notice of Investigation of Guaranteed Entrusted Loan from Housing Capital Management Center", and handle the guarantee procedures in accordance with his/her choice of guarantee method. If the applicant chooses the way of mortgage guarantee, the guarantor should issue a written letter of guarantee; if the applicant chooses the way of mortgage insurance or third-party guarantee, the applicant should go to the insurance company to take out the insurance or go to the guarantee agency to go through the entrusted guarantee procedures;
5. Signing of the loan contract;
6. Signing of entrusted loan agreement between the Housing Funds Management Center and the entrusted bank;
7. Borrower submits the loan application to the Housing Funds Management Center directly. The housing fund management center to submit loan applications, the trustee industry can, as needed, on behalf of the collection of the borrower's application, unified to the housing fund management center for review and approval;
8, the housing fund management center of each loan amount, term, interest rate approval agreed to sign a commissioned loan contract with the trustee bank.
In summary, the minimum downpayment ratio for a contributing employee's family using a housing fund loan to purchase a first home for self-occupation is 20%; the minimum downpayment ratio for a contributing employee's family that owns a home and has settled the corresponding housing fund loan, and applies for a housing fund loan again to purchase a home for self-occupation in order to improve its living conditions, is 30%.
Legal basis:
Article 26 of the Regulations on the Administration of Housing Provident Fund
Employees who have paid into the housing fund can apply for a housing fund loan from the Housing Provident Fund Management Center for the purchase, construction, refurbishment and overhaul of their self-occupied housing.
The Housing Provident Fund Management Center shall, within 15 days from the date of acceptance of the application, make a decision on granting or disallowing the loan and notify the applicant of the decision; in case of granting the loan, the commissioned bank shall handle the loan formalities.
The risk of housing fund loans shall be borne by the housing fund management center.