Hangzhou optimizes the use of housing provident fund policy, provident fund can be used to pay for self-occupied property fees.

Sina Finance News on March 30th, according to the Hangzhou Housing Provident Fund Management Committee, in order to better meet the rigid and diversified housing needs of depositing employees, Hangzhou has issued optimized policies for the use of housing provident fund, optimizing the fund loan amount, loan times determination, and withdrawal purposes, etc. The policy will be implemented starting from April 1, 2026. The policy specifies that depositing employees and their spouses can withdraw housing provident fund to pay for the property fees of their self-occupied housing within the city's administrative area. They can withdraw once a year for each self-occupied housing under their family's name based on actual property fees spent, with the total withdrawal amount for the family not exceeding 10,000 yuan per year. The policy also specifies that the maximum amount of housing provident fund loan has been raised from 1.3 million yuan to 1.8 million yuan, with the individual loan amount for employees not exceeding 900,000 yuan; the multiple for calculating the individual loan amount for housing provident fund employees has been adjusted from 15 times to 20 times. The policy provides additional quota support for key groups: new residents, young families can have the loan amount increased by 20% based on the total eligible loan amount calculated when applying for a loan as a family; families with multiple children can have the loan amount increased by 50% based on the total eligible loan amount calculated when applying for a loan as a family. In addition, the policy is more flexible in determining loan times. During the period from April 1, 2026 to December 31, 2026, if a depositing employee family applies for a housing provident fund loan to purchase their first or second self-occupied housing, and the previous housing purchased with a housing provident fund loan has been sold, the loan times can be correspondingly reduced.