Legal analysis: The new policy on provident fund loans is: individual housing provident fund loans in order to regulate housing provident funds.

The conditions required for applying for provident fund loans include that the borrower has good credit, stable family income, and the ability to repay the principal and interest of the loan; the housing provident fund has been paid and deposited continuously for half a year or more; the current status of the personal account needs to be normal; payment suspension

If the provident fund exceeds two months, it must be paid continuously and normally for six months or more in accordance with the standards approved by the management center.

Loan amount and term: 1. Increase the amount calculation coefficient.

The loan limit calculation coefficient is increased from 30% to 50% of the housing provident fund payment base.

2. Comprehensive calculation of loan withdrawals.

If an employee applies for a loan to purchase a self-occupied house and withdraws the housing provident fund, the loan amount and withdrawal amount shall not exceed the total purchase price.

Withdrawal of housing provident fund should be done once before applying for a loan.

3. Extend the loan period.

The loan period is extended to 5 years after the legal retirement age of the borrower.

Legal basis: "Interim Measures for the Administration of Personal Loans" Article 11 Personal loan applications shall meet the following conditions: (1) The borrower is a citizen of the People's Republic of China with full capacity for civil conduct or an overseas natural person who complies with relevant national regulations;

(2) The purpose of the loan is clear and legal; (3) The loan application amount, term and currency are reasonable; (4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no major bad credit record;

(6) Other conditions required by the lender.

Article 12 The lender shall require the borrower to submit a personal loan application in writing and require the borrower to provide relevant information that can prove that the borrower meets the loan conditions.

Article 13 After accepting the borrower's loan application, the lender shall perform due diligence duties, investigate and verify the authenticity, accuracy, and completeness of the personal loan application content and related circumstances, and form an investigation and evaluation opinion.