<CN Home>Hangzhou Allows Using Housing Provident Fund Directly for Down Payment on Home Purchases
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2025/06/23 03:56 GMT
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To alleviate the pressure on contributing employees paying the down payment for home purchases with their housing provident fund, the Hangzhou Housing Provident Fund Management Center has introduced a policy that allows direct payment of down payments for home purchases using the housing provident fund, the Press Office of Hangzhou Municipal People's Government announced.

While purchasing newly built commercial homes in Hangzhou, contributing employees can use the provident fund to directly pay the down payment, and the entire process supports online handling.

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The online handling function for second-hand housing is also under development and will be rolled out soon.

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<CN Home>Hangzhou Allows Using Housing Provident Fund Directly for Down Payment on Home Purchases
To alleviate the pressure on contributing employees paying the down payment for home purchases with their housing provident fund, the Hangzhou Housing Provident Fund Management Cen...
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