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<CN Home>Chongqing Housing Provident Fund Launches Further New Policies
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Chongqing Housing Provident Fund Management Center released the “Notice on Optimizing the Adjustment of the Use of Housing Provident Fund Policy”, which proposed to optimize the standards for recognizing the number of newly purchased housing units.

Pursuant to the Notice, if a depositor's family has already settled its first housing provident fund personal housing loan and does not own a home in the county where it intends to purchase a home, the application for a housing provident fund personal housing loan will be based on the standard for the first home.

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In the meantime, the conditions for withdrawal of down payment for the purchase of a house are relaxed. With immediate effect, if a depositor's family purchases a new house with a housing provident fund personal housing loan, the depositor's family can apply for withdrawal of housing provident fund for the down payment for the purchase of a house within one year from the date of the purchase of the house.
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