New housing accumulation fund policy in 2023

The new housing provident fund policy in 2023 is as follows:

1. Rent invoice and tax payment certificate are not required to withdraw provident fund. The new regulations point out that employees have paid the housing provident fund in full for three consecutive months. If my spouse and I don't own a house and rent a house in this city, we can withdraw the housing accumulation fund of both husband and wife to pay the rent. Previously, the withdrawal of provident fund to pay rent also required the submission of rent invoices and tax payment certificates;

2. The down payment for the second suite of provident fund loans will be reduced to 20%. For households who own 1 apartment and have settled their housing loan, they will use the housing provident fund loan to buy a house again, and the minimum down payment ratio will be reduced from 30% to 20%.

Provident fund loan process:

1. preliminary examination: the housing fund management center conducts preliminary examination of the materials submitted by the applicant, including the applicant's qualification, loan amount and loan term. After passing the preliminary examination, the center will issue a notice of mortgage review and evaluation;

2. Appraisal: The applicant will go to the appraisal institution designated by the center to appraise the value of the purchased house with the notice of mortgage examination and appraisal. Affordable housing does not need to be evaluated;

3. Audit: The applicant will go to the center for loan audit with the evaluation report issued by the evaluation agency and the preliminary examination materials required by the center. In line with the conditions, the center will issue the "Notice of Investigation on Entrusted Loan Guaranteed by Housing Provident Fund Management Center";

4. Handling guarantee procedures: The applicant holds the investigation notice of entrusted loan guaranteed by the Housing Provident Fund Management Center, and handles guarantee procedures according to the selected guarantee method. If mortgage guarantee is selected, the guarantor shall issue a written guarantee; If you choose mortgage insurance or third-party guarantee, you should apply for insurance in an insurance company or go through the formalities of entrusted guarantee in a guarantee institution;

5. Sign a loan contract;

6, housing fund management center and the entrusted bank loan agreement;

7. The borrower directly submits the loan application to the housing fund management center, and the entrusted industry can collect the borrower's application as needed and submit it to the housing fund management center for approval;

8. After the housing fund management center approves the amount, term and interest rate of each loan, it will sign an entrusted loan contract with the entrusted bank.

To sum up, the housing accumulation fund system is actually a housing security system and a form of monetization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees.

Legal basis:

Article 1 of the Regulations on the Management of Housing Provident Fund

In order to strengthen the management of housing provident fund, safeguard the legitimate rights and interests of housing provident fund owners, promote urban housing construction and improve the living standards of urban residents, these regulations are formulated.

second

These Regulations shall apply to the deposit, withdrawal, use, management and supervision of housing provident fund in People's Republic of China (PRC).

The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing accumulation fund paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees.

essay

The housing accumulation fund paid by individual employees and the housing accumulation fund paid by the unit where employees work for employees belong to individual employees.

Article 4

The management of housing provident fund shall follow the principles of decision-making of housing provident fund management committee, operation of housing provident fund management center, storage of special bank accounts and financial supervision.

Article 5

The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied housing by employees, and no unit or individual may use it for other purposes.

Article 6

The deposit and loan interest rate of housing provident fund is proposed by the People's Bank of China, and submitted to the State Council for approval after consulting the construction administrative department of the State Council.

Article 7

The construction administrative department of the State Council shall, jointly with the finance department of the State Council and the People's Bank of China, formulate the housing accumulation fund policy and supervise its implementation.

The construction administrative departments of the people's governments of provinces and autonomous regions shall, jointly with the financial departments at the same level and the branches of the People's Bank of China, be responsible for supervising the implementation of the regulations and policies on housing provident fund management within their respective administrative areas.