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<CN Home>Changchun Plans to Lower Down Payment Ratio for Newly Built Commercial Housing Loans
The Changchun Housing Provident Fund Management Center issued a Notice on Adjusting Housing Provident Fund Personal Housing Loan Policies (Draft for Comments) proposing to lower th...
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<CN Home>Changchun Plans to Lower Down Payment Ratio for Newly Built Commercial Housing Loans
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The Changchun Housing Provident Fund Management Center issued a Notice on Adjusting Housing Provident Fund Personal Housing Loan Policies (Draft for Comments) proposing to lower the down payment ratio for newly built commercial housing loans. The public consultation period will end next Friday (5 September).

For working-class households applying for a housing provident fund loan for the first time, or for a second time without owning property in the location where the house is to be purchased, the down payment ratio for purchasing newly built commercial housing in Changchun's downtown and development zones will be adjusted from no less than 20% to no less than 15%, according to the draft for comments.

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