Policy Interpretation of Fuzhou Housing Provident Fund Management Committee’s Notice on Optimizing Some Housing Provident Fund Policies
Fuzhou Housing Provident Fund Management Committee issued the Notice of Fuzhou Housing Provident Fund Management Committee on Optimizing Some Housing Provident Fund Policies (hereinafter referred to as the Notice), which is now interpreted as follows:
1. What are the new changes in the policy of purchasing houses and repaying loans?
A: According to the original policy, employees can only apply for the withdrawal of housing provident fund from the same house under the name of husband and wife because of buying a house or repaying a loan. Now the policy stipulates that employees’ families can apply for the withdrawal from any house under the name of both husband and wife regardless of buying a house or repaying a loan.
Example 1: Zhang Sanhe and his wife applied for loans to buy Suite A and Suite B respectively before marriage, and they got married in March 2024. According to the original policy, Zhang Sanhe and his wife could only choose Suite A or Suite B together to apply for loan repayment and withdrawal. According to the new policy, Zhang Sanhe and his wife can apply for loan repayment and withdrawal for Suite A or Suite B respectively, without choosing "the same suite".
Example 1.1 If the housing loan of Suite A has been settled in May 2024, both husband and wife can still apply for repayment of the loan for Suite B within the same natural year, provided that the withdrawal interval is met.
Example 1.2 If Zhang San sold Suite A in May, 2024, and bought Suite C with a loan in September, he has been applying for loan repayment and withdrawal for Suite B during his wife’s period. Under the condition that Zhang San meets the withdrawal interval, according to the original policy, Zhang San can’t apply for house purchase and withdrawal for Suite C. According to the new policy, Zhang San can apply for house purchase and withdrawal for Suite C without the restriction that he can only "buy a house in the same suite" and repay the loan in a natural year.
Second, what changes have been made to the extraction of special diseases in the Notice?
A: First, cancel the criteria for determining the income from serious difficulties in family life, that is, "the effective medical expenses incurred in the past two years or the expenses after deducting medical insurance issued by the medical insurance department, after averaging on a monthly basis, the average monthly expenditure should reach more than three times the total monthly salary of the family"; Second, it is stipulated that the total amount of withdrawal should be adjusted from "the last two years" to the balance of medical expenses actually incurred in "the last three years" after deducting the medical insurance payment.
3. Under what circumstances can the applicant be exempted from providing notarization and other materials when handling the employee death extraction business?
Answer: The applicant must be the first legal heir of the deceased employee, and when he chooses to transfer the account balance to the bank savings account in the name of the deceased employee (limited to the first-class savings card), he can be exempted from providing notarization and other materials. The legal heirs in the first order here are only the spouses, children and parents in Article 1127 of the Civil Code of People’s Republic of China (PRC). If other heirs or legatees apply, or choose to withdraw the account balance (more than 10,000 yuan) to the bank card under the name of the heir, or if the deceased employee does not have a bank savings account despite the application made by the legal heir in the first order, a notarial certificate on the right of inheritance or an effective legal document of the people’s court shall still be provided.
4. How to identify the "two children" and "three children" families in the Notice?
A: The "two-child family" and "three-child family" respectively refer to the worker’s family giving birth to and raising at least two children and three children, one of whom is underage. If the previous policy’s criteria for identifying families with many children are inconsistent with this Notice, this Notice shall prevail.
5. What adjustments have been made to the housing loan policy for families with many children?
A: First, cancel the "first suite" restriction stipulated in the original preferential loan policy for families with many children; Second, it is stipulated that an additional 400,000 yuan will be added to the calculation of the loan amount for the "three-child" family housing loan, and the maximum loan amount will be raised to 1.2 million yuan for dual employees and 900,000 yuan for single employees.
Six, "three children" family housing loan amount how to calculate?
Answer: The calculation formula of loan amount is as follows: loan amount of housing provident fund = balance of housing provident fund account of both husband and wife of the borrower on the date of loan application ×1.2+ estimated housing provident fund paid by both husband and wife of the borrower from the date of loan application to the date of retirement × liquidity adjustment coefficient α+400,000 yuan. After calculating the results according to the above loan formula, the maximum loan amount is 1.2 million yuan for double employees and 900,000 yuan for single employees.
Example 2. Mr. Zhang and Ms. Wang gave birth to three children, one of whom is underage, and applied for housing provident fund loans to buy commercial housing. Mr. Zhang was born in February 1993 and Ms. Wang was born in July 1993. When applying for housing provident fund loans in July 2024, Mr. Zhang was the main lender, and the balance of their housing provident fund accounts was 54,000 yuan and 50,000 yuan respectively. The deposit base of the provident fund is 7425 yuan and 5000 yuan respectively; The monthly deposit amount is 1,782 yuan and 500 yuan respectively, so the housing provident fund loan amount of both parties is 1.2 million yuan, that is:
Loan amount of housing provident fund = (54,000 yuan+50,000 yuan) × 1.2+(1,782 yuan× 343 months +500 yuan× 288 months) × liquidity adjustment coefficient α (currently 1.0)+400,000 yuan = 1,280,026 yuan. At this time, the maximum loan amount should be determined as 1.2 million yuan according to the regulation that the maximum loan amount for a three-child family is 1.2 million yuan for dual employees.
Seven, "business to public" loan business application conditions have changed?
Answer: The application conditions for the "business-to-public" loan have been relaxed from "employees’ families who have never applied for housing provident fund loans" stipulated in the original policy to "employees’ families who meet the application conditions for housing provident fund loans". According to this, employees’ families who have used housing provident fund loans once can still apply for it.
Example 3. Before marriage, Mr. Li used a housing provident fund loan (settled) to buy a commercial house, and after marriage, he and his wife used a commercial loan to buy an improved house. His wife never used a housing provident fund loan. According to the original policy, Li’s family could not apply for a "business-to-public" loan business because they used a housing provident fund loan once. After the policy adjustment, Li can apply for a housing provident fund loan as long as he meets the application conditions, regardless of whether he used a housing provident fund loan once.
8. Can employees who deposit in different places apply for "business to public" loan business?
A: No. This new policy only relaxes the number of provident fund loans in the application conditions of the "business-to-public" loan business, and does not adjust other application conditions. This business only supports employees who pay the housing provident fund in Fuzhou.
Nine, how to determine the implementation time of optimizing the loan policy in different places in the Notice?
The confirmation time of the paid-in employee’s house purchase is subject to the online signing time. If the online signing time is after April 1, 2024, it can be implemented in accordance with this Notice policy.