Guangzhou: Removal of restrictions on "sole local residence" and the number of times funds can be borrowed from housing provident fund.

On May 26, 2026, the Guangzhou Housing Provident Fund Management Center issued the normative document "Implementation Measures for the Conversion of Commercial Personal Housing Loans to Housing Provident Fund Personal Housing Loans in Guangzhou". It proposes to expand the range of commercial loan banks, remove the restriction of "the original commercial loan bank as the entrusted bank of the housing provident fund", and allow commercial loan applications from banks not designated as housing provident fund banks to be converted into pure housing provident fund loans. It relaxes the requirements for loan types, terms, and housing provident fund deposit deadlines. For the commercial to public loan business of housing provident fund loan banks, if the applicant cannot fully repay the original commercial loan principal and interest with the allowable amount for commercial to public loans, they can choose to convert to a combination loan. The requirement for opening an account and accumulating housing provident fund deposits is reduced from "60 months" to "36 months". The original commercial loan term for disbursement is reduced from "more than 3 years" to "more than 2 years". The restrictions on "sole housing in the city" and the number of uses of housing provident fund loans are removed, and it is no longer required that "the loaned property is the sole housing of the applicant's family in the city", supporting applications for first and second improved type housing. Applicants who "have not used or have only used housing provident fund loans once" can also convert from commercial to public loans, without being restricted by "having not used housing provident fund loans before".