Weihai, Shandong optimizes and adjusts some housing provident fund withdrawal policies

The Weihai Housing Provident Fund Management Center issued a notice on optimizing and adjusting certain housing provident fund withdrawal policies, relaxing the scope of withdrawals for home purchases. When purchasing self-occupied housing, the scope of withdrawal beneficiaries has been expanded from the property owner and spouse to include the property owner, spouse, both parents, and children. The scope of withdrawal for down payments has also been relaxed. When purchasing self-occupied housing, the down payment withdrawal beneficiaries have been expanded from the property owner and spouse to include the property owner, spouse, both parents, and children. At the same time, restrictions on down payment withdrawals for purchasing self-occupied housing in different locations have been relaxed. The scope of withdrawals for installing elevators has been relaxed. For existing residential buildings in our city that install or update elevators, the withdrawal beneficiaries have been expanded from the property owner, spouse, and both parents to include the property owner, spouse, both parents, and children, all of whom can withdraw housing provident funds once, with the total withdrawal amount not exceeding the individual's actual contribution. A new provision for early partial repayment of commercial loans has been added. After the contributor and spouse complete the early partial repayment of commercial loans, they can withdraw housing provident funds once within a natural year, with the total withdrawal amount for both spouses not exceeding the total principal and interest repaid in that year