Has Hainan increased the personal loan amount of housing provident fund?

Yes, starting from August 20th, the relevant regulations of Hainan housing provident fund loan business will be adjusted to increase the maximum amount of individual housing loans from housing provident fund. For the purchase of newly-built self-occupied housing, the borrower and his wife shall deposit the housing accumulation fund in Hainan Province, with the maximum loan amount of 6,543,800 yuan; If the borrower only deposits unilaterally in Hainan Province, the maximum loan amount is 700,000 yuan.

Before August 20, 2020, if the borrower has submitted complete application materials for housing provident fund loans and has been accepted by the staff of the provident fund bureau, the original provisions on housing provident fund loans shall be implemented.

Extended data

1. Hainan relaxes the application conditions for off-site loans and commercial loans.

Further implement the relevant provisions of the Ministry of Housing and Urban-Rural Development. Borrowers who deposit housing provident fund outside the province are no longer limited to "Hainan registered employees" when applying for housing provident fund loans in our province, and cancel the provision of "original and photocopy of household registration book" materials.

Second, Hainan clarifies the minimum down payment ratio of second-hand self-occupied housing loans.

If the borrower purchases second-hand self-occupied housing and applies for housing provident fund loan, the minimum down payment ratio is 40%. Our bureau will adjust the minimum down payment ratio of second-hand owner-occupied housing loans in a timely manner according to the requirements of the central and provincial real estate market regulation policies.

People's Network-Hainan increases the personal loan amount of housing provident fund? The maximum loan is 6,543,800 yuan.