Housing Purchased | First Housing | Second Improved Housing | ||||
Borrowing Family | One Borrower | Two or More Borrowers | One Borrower | Two or More Borrowers | ||
Childless or One-child | Multi-child | Childless or One-child | Multi-child | |||
Housing Provident Fund Max. Loanable Amount (in RMB) | 650,000 | 780,000 | 1.3 million | 1.56 million | 500,000 | 1 million |
Supplementary Housing Provident Fund Max. Loanable Amount (in RMB) | 150,000 | 180,000 | 300,000 | 360,000 | 150,000 | 300,000 |
Total Loanable Amount (in RMB) | 800,000 | 960,000 | 1.6 million | 1.92 million | 650,000 | 1.3 million |
Rate of Down Payment | The minimum rate of down payment is 20%. | 1. The minimum rate of down payment is 35%; 2. The minimum rate of down payment is 30% if the housing purchased is in Lin-gang Special Area, and Jiading, Qingpu, Songjiang, Fengxian, Baoshan, and Jinshan districts. | ||||
Loan Interest Rate | Shorter than five-year period (included): 2.35%; Longer than five-year period: 2.85%. | Shorter than five-year period (included): 2.775%; Longer than five-year period: 3.325%. |