CHONGQING (CQNEWS) -- Chongqing Municipal Housing Provident Fund Administration Center releases on April 19, 2011 that if the housing fund is used, the maximum personal loan is increased from the current 200,000 yuan to 400,000 yuan and an employee, at a maximum, can apply for a loan occupying 80% of the house price.
During the 11th Five-Year Plan, the coverage rate of the housing fund policy reached 76% with the total amount over 43.6 billion yuan. At the end of 2010, the total utilization amount of the housing fund in Chongqing reached 4.1 billion yuan with the utilization rate up to 94%. In 2010, China officially approved the 3-billion-yuan housing fund loan for 6 low-rent public housing projects in the main city of Chongqing. (Translated by Sun Hongxia, Fathom Language Limited)
