By our count, fourteen cities have changed housing provident fund lending rules this month, most of them raising the ceiling on how much can be borrowed.
After the changes, maximum first-home loans generally sit between one million and 1.2 million yuan, with some cities adding a further 20 per cent for households with several children. Adjustments for second homes are more modest.
Not only the ceiling
Beyond the limits, several places have loosened the qualifying rules — combining contribution histories across household members, shortening the minimum period of continuous contributions, and recognising records from other cities.
- Coverage: fourteen cities this month
- First-home ceiling: generally raised to 1m–1.2m yuan
- Larger families: a further 20 per cent in some cities
- Qualifying rules: combined histories, cross-city recognition
Analysts describe provident fund changes as a targeted instrument: they reduce deposit and repayment pressure for first-time buyers, with effects usually appearing after three to six months.
Raising the ceiling answers whether you can borrow enough. It does not answer whether you dare to buy.— Analyst at a property research firm
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