Since this year, new policies for provident fund have been issued in many places. In addition, the loan interest rate of the stock first housing provident fund will also be repriced from this year. The reporter of Securities Daily found that recently, banks in many places have successively lowered the loan interest rate of individual housing provident fund for the first unit in stock. Recently, many places have issued documents to adjust the provident fund loan policy. Recently, many places have actively introduced policies to boost the property market, and increasing the loan limit has become a "standard allocation". Shaoxing City, Zhejiang Province, recently issued a notice that the maximum amount of provident fund loans was raised to 1 million yuan, and the amount of loans for families with multiple children could be raised to no more than 120% of the maximum amount. Dalian recently issued the Notice on Adjusting the Policy for the Use of Housing Provident Fund (Draft for Comments), which proposed that the maximum loan limit for single or double persons for families with multiple children who purchase the first self-housing in Dalian should be increased by 200000 yuan from the current maximum loan limit, and the limit of "not exceeding 15 times the deposit balance of the housing provident fund account at the time of the borrower's loan application" should be lifted. On January 10, Jinan issued a policy to support the use of housing provident fund for families with multiple children, which made it clear that the maximum amount of housing provident fund for families with multiple children could be 1 million yuan. In addition to increasing the amount of provident fund loans for families with multiple children, some cities have made it clear that the second loan of provident fund will no longer set the time interval requirement. For example, the Dandong Housing Provident Fund Management Center issued detailed rules for the management and implementation of individual housing provident fund loans, which will be implemented on February 1 this year. The latest detailed rules make adjustments to the loan business and other policies, and the loan conditions cancel the requirement that "the previous housing provident fund loan has been settled, and the application time should be more than 12 months apart from the settlement time of the previous loan in order to improve the conditions". Wang Qing, chief macro analyst of Oriental Jincheng, said, "Relaxing the conditions of provident fund loans, increasing the amount of provident fund loans and other measures are currently one of the important measures to support the rigid and improved housing demand, promote the improvement of the demand side of the real estate market, and guide the real estate industry to achieve a 'soft landing' as soon as possible. Due to the basic tone of urban implementation, there will be some room for different cities to relax the provident fund loan policy in 2023." "In the middle of 2023, the real estate market is expected to show a trend recovery, that is, the monthly property market sales will continue to improve on a month-on-month basis, excluding the impact of seasonal factors. This is conducive to driving the head of real estate enterprises to shift to substantive convergence, and on the other hand, it can fundamentally improve the momentum of economic growth in the second half of 2023." Wang Qing said. The interest rate of the newly issued provident fund loan may further decline. In addition, the interest rate of the stock provident fund loan will also be repriced from January 1 this year. In September last year, the People's Bank of China decided to reduce the interest rate of the first set of personal housing provident fund loans by 0.15 percentage points from October 1, 2022, and adjust the interest rate to 2.6% and 3.1% respectively for less than five years (including five years) and more than five years. The second set of personal housing provident fund loan interest rate policy remains unchanged. According to relevant regulations, the first set of personal housing provident fund loans issued after October 1, 2022 shall be subject to the new interest rate; The first set of personal housing provident fund loans issued before October 1, 2022 will be implemented at the new loan rate from January 1, 2023.
Edit：wangwenting Responsible editor：xiaomai
Source：china.cn
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