Notice in relation to “Administrative Measures for Converting Personal Housing Commercial Loans to Personal Housing Loans from Housing Provident Fund in Foshan Municipality”
27 February 2025
The Management Centre of Foshan Municipal Housing Provident Fund (“the authorities”) issued the “Notice in relation to “Administrative Measures for Converting Personal Housing Commercial Loans to Personal Housing Loans from Housing Provident Fund in Foshan Municipality” (“the Notice”) on 27 February 2025. The authorities proposed that the loan amount for conversion from commercial loans to provident fund loans shall not exceed 80% of the purchase invoice price. In addition, the loan term shall be calculated in whole years, with a maximum loan term of 20 years. The Notice is effective from 1 April 2025 and remains valid for 5 years.