The amount of the Provident Fund loan varies from city to city, depending on local policy requirements. It was important for those who wished to apply for a Provident Fund loan to understand those policies. Let's talk about the level of the Provident Fund in several major cities。

Up to how much personal equity loans are available, depending on the circumstances

Situation in Shanghai

In Shanghai, individuals can borrow up to $600,000 from the first set of SRF loans. If two rooms were purchased, the amount would be slightly lower at $500,000. However, if two or more persons jointly apply for a loan, the amount will increase significantly: the first flat can be up to $1.2 million and the second flat can be up to $1 million。

Shenzhen rules

In Shenzhen, the ceiling for single-person access to the Provident Fund is 500,000 yuan; in the case of multiple applications, a maximum of 900,000 yuan is available. This criterion applies to first-time and repurchases。

Wuhan's policy

On Wuhan's side, the maximum amount of the SRF loan for the first suite is $0.7 million, compared with $500,000 for the second suite. It also reflects the different credit limits set by different cities according to their own circumstances。

Beijing regulations

Finally come to Beijing. At the time of the purchase of the first flat in Beijing, the maximum amount of the Provident Fund loan was 1.2 million yuan; in the case of the second suite, the maximum loan was 600,000 yuan。

With regard to withdrawal of the Provident Fund

Some might ask, "Can you get the fund out when you need it?" The answer is yes, but there is a need for a reasonable justification and for the corresponding information to be prepared in accordance with the requirements of the Provident Fund Centre. For example, a contract for the purchase of a house, a rental contract or proof of unemployment. Upon the preparation of the material, the application to the Provident Fund Centre is made, and after clearance and signature confirmation, the funds will be placed in the books, and the process will take about a week or so。