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<CN Home>Zhanjiang, Guangdong Removes Difference in Loan Amt for 1st, 2nd Housing Provident Fund Loans; Max. Loan RMB900K
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Five government departments, including the Housing and Urban-Rural Development Bureau of Zhanjiang City in Guangdong Province, the Natural Resources Bureau and the Housing Provident Fund Management Center of Zhanjiang City issued a notice, stating that the standards for determining the number of housing under the provident fund housing loans may be optimized.

The opinion proposed to increase the housing provident fund loan amount, from RMB500,000 to RMB600,000 for single people, and from RMB800,000 to RMB900,000 for married couples. In addition, the difference in the loan amount for the first and second housing provident fund loans was proposed to be abolished. The loan amount for the second housing provident fund loan was lifted from RMB400,000 to RMB600,000 for single people and from RMB700,000 to RMB900,000 for couples. The opinion will be implemented immediately and will be valid for three years.

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