Zibo, Shandong Province, optimizes some housing provident fund usage policies, extending the age limit of second-hand houses to 50 years.

On June 3rd, the Zibo Housing Provident Fund Management Center announced the official implementation of policies to optimize the use of housing provident funds, aiming to boost housing consumption and meet the rigid and improved housing needs of residents.

According to publicly available information, the new policy broadens the scope of withdrawals. It supports using funds for the down - payment of a house purchase, allows the linkage of funds from the spouse, both parents, and children when withdrawing for self - occupied housing, and adds a new scenario for withdrawing funds for the installation and renovation of old elevators. In terms of loan policies, for families with multiple children, those purchasing high - quality residences or off - the - plan properties, one housing unit will be deducted from the housing count. When trading in an old property for a new one, one loan record can be waived. The upper limit of the sum of the age of a second - hand house and the loan term is extended to 50 years, and the ban on housing provident fund loans for properties over 300 square meters is lifted.

In addition, the new policy adds a loan extension service and further relaxes the requirements for self - employed individuals to convert commercial loans into provident fund loans or combined loans, in order to reduce the housing purchase and repayment costs for residents.

The following is the full text of the notice.

Notice on Optimizing the Use Policies of Some Housing Provident Funds in Our City

All housing provident fund contributing units and contributors:

In order to further meet the rigid and improved housing needs of contributors, stimulate the potential of housing consumption, and promote the high - quality development of the real estate market, in accordance with relevant provincial and municipal documents and meeting spirit, and considering the actual situation of our city, we have optimized some housing provident fund use policies. The relevant content is hereby notified as follows:

01 Expand the conditions and scope for withdrawing the down - payment for house purchase

When contributors apply for a down - payment withdrawal for purchasing a new commercial housing in our city, the scope of eligible housing units is expanded from “first - home” to “first - home and second - home”. The scope of eligible withdrawal personnel is expanded from “the purchaser and their spouse” to “the purchaser, their spouse, both parents, and children”.

Each applicant for the same property can make one withdrawal. The total withdrawal amount shall not exceed 30% of the total price of the property in the online - signed contract, and the sum of the withdrawal amount and the provident fund loan amount shall not exceed the total property price. The withdrawal amount will be transferred to the corresponding funds supervision account.

The funds in the purchaser's and their spouse's accounts shall be withdrawn first. If there is a shortage, both parents and children can apply for withdrawal.

02 Expand the time limit and scope for withdrawing for self - occupied housing purchase

Optimize the valid period for withdrawing for the purchase of a new self - occupied housing. It is adjusted from within 3 years from the signing date of the “Commercial Housing Sales Contract” to within 3 years from the signing date of the “Commercial Housing Sales Contract” or the registration date of the real estate certificate.

When contributors purchase their first or second self - occupied housing for the family, the scope of eligible withdrawal personnel is expanded from “the purchaser and their spouse” to “the purchaser, their spouse, both parents, and children”.

Each applicant for the same property can make one withdrawal. The total withdrawal amount shall not exceed the total property price, and the sum of the withdrawal amount and the provident fund loan amount shall not exceed the total property price.

If the withdrawer participates in applying for a housing provident fund loan, the housing purchase withdrawal shall be processed before the loan is disbursed.

The funds in the purchaser's and their spouse's accounts shall be withdrawn first. If there is a shortage, both parents and children can apply for withdrawal.

03 Optimize the elevator withdrawal policy

The scope of elevator - related withdrawal scenarios is expanded from “elevator installation” to “elevator installation and renovation”.

For the installation or renovation of elevators in existing residential buildings in our city, the property owners, their spouses, both parents, and children can apply for housing provident fund withdrawal. The total withdrawal amount of all withdrawers shall not exceed the actual capital contribution.

The valid period for withdrawal is within 3 years from the date of issuance of the actual capital contribution voucher.

04 Optimize the housing unit count standard for housing provident fund loans

For families with multiple children, those purchasing high - quality residences (pilot projects for “good houses”) or off - the - plan properties, one housing unit will be deducted from the housing count respectively.

The housing unit deduction policy can be used in combination.

After implementing the deduction policy, contributors who have no housing or only one housing in the local area (the housing unit count is determined based on the number of properties owned within the current county - level administrative region where the existing housing is located), and have never used or have only used the provident fund loan once, can apply for a housing provident fund loan when purchasing a house and enjoy the first - home policy.

In other cases, the current policies shall still be followed.

05 Optimize the loan count standard for housing provident fund loans

Contributors who purchase a house through “trading in an old property for a new one” can have one provident fund loan count deducted when applying for a housing provident fund loan.

06 Extend the loan term for second - hand housing provident fund loans

When borrowers apply for a second - hand housing provident fund loan, the upper limit of the sum of the age of the second - hand house and the loan term is extended from 40 years to 50 years.

07 Remove the housing area limit for housing provident fund loans

The restriction that housing provident fund loans are not allowed for properties with a floor area of 300 square meters or more (including 300 square meters) is removed.

08 Launch the housing provident fund loan extension service

Eligible borrowers are allowed to apply for one loan extension service during the repayment period.

09 Launch the “commercial - to - provident - fund” and “commercial - to - combined” loan services for self - employed contributors

Eligible self - employed contributors who contribute to the housing provident fund in our city can, with the consent of the original commercial loan bank, convert all or part of their existing and outstanding commercial housing loans into housing provident fund loans.

When self - employed contributors apply for the “commercial - to - provident - fund” and “commercial - to - combined” loan services, the loan application conditions and loan amount shall comply with relevant policies such as the “Administrative Measures for Individual Housing Provident Fund Loans in Zibo City” and the “Pilot Implementation Rules for Self - employed Individuals Participating in the Housing Provident Fund System in Zibo City”. The application materials and other relevant matters shall be handled in accordance with regulations such as the “Interim Measures for Converting Individual Commercial Housing Loans into Housing Provident Fund Loans in Zibo City” and the “Notice on Launching the Commercial Housing Loan to Combined Loan Service in Zibo City”.

10 Policy implementation time

This notice shall come into effect on June 3rd, 2026, and be valid until December 31st, 2027.

This article is from Guandian.com and is published by 36Kr with authorization.