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<CN Home>Shanghai: Max. Housing Provident Fund Loan Amt to Be Raised to RMB2.4M Starting Tmr
The Shanghai Municipal Housing and Urban-Rural Development Management Committee, along with four other departments, issued a joint notice stating that the housing provident fund po...
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<CN Home>Shanghai: Max. Housing Provident Fund Loan Amt to Be Raised to RMB2.4M Starting Tmr
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The Shanghai Municipal Housing and Urban-Rural Development Management Committee, along with four other departments, issued a joint notice stating that the housing provident fund policy will be optimized, effective from tomorrow (26th).

Among such changes, the maximum loan amount for the housing provident fund will be moderately increased. The maximum loan amount for families purchasing their first home will be raised from RMB1.6 million to RMB2.4 million.

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With the addition of policies for families with multiple children and purchasing green buildings, which allow for a maximum increase of 35%, the maximum loan amount for provident fund loans in the city can reach RMB3.24 million. The maximum loan amount for purchasing a second home will also be correspondingly raised.

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