Useful Tools-Shanghai Housing Provident Fund Website

Housing Purchased	First Housing				Second Improved Housing
Borrowing Family	One Borrower		Two or More Borrowers		One Borrower	Two or More Borrowers
Borrowing Family	Childless or One-child	Multi-child	Childless or One-child	Multi-child	One Borrower	Two or More Borrowers
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 25%; 2. The minimum rate of down payment is 20% 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%.