Beijing Municipality, Circular on the Implementation of Differential Policies for Personal Housing Fund Mortgage Loans

北京市关于实行住房公积金个人贷款差别化政策的通知

April 25, 2013 | BY

CLP Temp

Beijing is the first city to raise the down payment rate for housing.

Issued: April 7 2013

Effective: April 8 2013

Main contents: For a loan applicant who is applying for a loan to purchase a second residential premises unit, the down payment for the loan shall be increased from not less than 60% to not less than 70% of the purchase price. With respect to a loan applicant for whom no premises are shown in the system for searching premises transaction and title information of the Beijing Municipal Commission of Housing and Urban-rural Development, but for whom a search of the People's Bank of China credit reporting system or Beijing housing fund management system reveals a record of a personal housing loan or of a withdrawal for a premises purchase, and who satisfies the conditions for a loan for a second residential premises unit, the policy of a down payment of not less than 60% of the purchase price shall continue to be implemented.

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