Luoyang canceled the early warning limit of liquidity risk of provident fund and increased the amount of housing loans.

The Beijing News (Reporter Zhang Jian) On May 1 1, Luoyang Housing Provident Fund Management Center (referred to as "Luoyang Provident Fund Center") announced that it decided to cancel the second paragraph of Article 5 of the Interim Measures for the Early Warning Management of Liquidity Risk of Housing Provident Fund in Luoyang: In the calculation formula of individual housing provident fund loan amount, the multiple of the provident fund deposit balance was reduced to 6 times; Paragraph 2 of Article 6: The time coefficient of each grade in the calculation formula of individual housing provident fund loan amount is lowered by 0.3 respectively. This means that the loan amount in Luoyang will increase.

It is understood that in March last year, because the proportion of housing provident fund personal housing loans exceeded 95%, Luoyang launched the first-level early warning and prevention measures for the liquidity risk of housing provident fund, requiring housing provident fund loans to wait for distribution; In the calculation formula of personal housing provident fund loan amount, the multiple of the deposit balance of provident fund is reduced to 6, and the time coefficient of each grade is reduced by 0.3 respectively. In this way, employees with short deposit time and small account balance will be greatly affected.

This policy is clear, and the provision that the coefficient is reduced in the loan amount calculation formula in case of early warning is cancelled, that is, the loan amount calculation method before March 6, 20021year is restored, in which the multiple of the deposit balance of the provident fund is 10.

According to local media reports, the relevant person in charge of Luoyang Provident Fund Center said that canceling the early warning restrictions in stages can release more stock funds, increase the amount of employee loans and meet the housing fund needs of employees. According to the actual operation situation, the center will timely study the control measures to adapt to the healthy development of Luoyang real estate.