Changchun City Adjusts Individual Housing Loan policy for Housing Provident Fund

The Changchun Housing Provident Fund Management Committee announced on September 28th that after research and decision-making, the following adjustments have been made to the individual housing loan policies of the Changchun Housing Provident Fund: 1. Reduce the down payment ratio for new commercial housing loans For the first time using the housing provident fund loan, or for the second time using the housing provident fund loan and the employee's family has no housing in the area where the property is intended to be purchased, the down payment ratio for purchasing new commercial housing in the main urban area and development zone of Changchun City has been adjusted from not less than 20% to not less than 15%. 2. Phased cancellation of loan frequency restrictions From the date of this announcement until December 31, 2025, borrowers who have already repaid their housing provident fund loans and apply for a loan again will not be subject to loan frequency restrictions. The relevant policies will be implemented according to the policy for the second use of the housing provident fund loan. 3. Increase the single loan amount for purchasing green homes and "good houses" For employee families purchasing green homes with a one-star or higher green building certification or homes assessed as "good houses," the maximum single loan amount for housing provident fund loans can be increased by 30%. This announcement will take effect from the date of publication. If there are any inconsistencies between the individual housing loan policies of the Changchun Housing Provident Fund and this announcement, the latter shall prevail.