Guiyang implements new regulations on cross-regional housing provident fund loans.

According to "Guiyang Release", in order to support the housing needs of workers who deposit their housing provident fund in another city and purchase a house in Guiyang or Gui'an, the Guiyang Housing Provident Fund Management Center has revised the "Guiyang Municipal Housing Provident Fund Inter-Provincial Individual Housing Loan Implementation Rules", and the new rules will be implemented starting from May 1, 2025. The revised "Rules" have three major highlights. First, expanding the scope of applicants, the restriction in the original policy that "the buyer or spouse must deposit their housing provident fund in the Guiyang center in order to apply for an inter-provincial loan" has been removed, allowing such families to choose the loan applicant based on their actual situation. Second, simplifying the loan process, borrowers no longer need to go to the Guiyang provident fund branch in advance to open an account for an inter-provincial loan, but can directly submit loan applications to the designated bank, reducing processing steps. Third, streamlining the documentation process, new home loans no longer require submission of the sales contract and registration form; existing home loans no longer require proof of tax payment; and second-hand home loans no longer require the seller's spouse's household registration book. The requirement for repayment account and new home loan payment account information has been unified. It is understood that applicants must meet conditions such as continuous deposit of provident fund for more than 6 months and good credit. The loan amount is in accordance with the policy for households with a single deposit worker in Guiyang, and the interest rate is consistent with that of local deposit workers. In addition, it is specified that borrowers must prioritize using the balance in the inter-provincial housing provident fund account to repay the loan, and severe delays will face constraints such as early repayment of the loan.