Ministry of Housing and Urban-rural Development, Ministry of Finance and People's Bank of China, Circular on Revising the Percentage of the Minimum Down Payment When Purchasing Residential Premises with a Personal Housing Loan from the Housing Reserve

住房和城乡建设部、财政部、中国人民银行关于调整住房公积金个人住房贷款购房最低首付款比例的通知

September 15, 2015 | BY

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Housing reserve loan restrictions relaxed.

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Issued: August 27 2015

Effective: September 1 2015

Main contents: Where a resident household that owns a residential premises unit and has discharged in full the corresponding housing loan again applies for an entrusted loan from the housing reserve to purchase a residential premises unit with a view to improving its living conditions, the percentage of the minimum down payment is reduced from 30% to 20%.