To apply for a Housing Provident Fund (HPF) loan for spouses in China, both must have contributed to the fund for at least 12 months. Collect documents including valid IDs, marriage certificate, contribution records, income statements, and property purchase agreements. Submit the application jointly to the local HPF management center. The center conducts a pre-approval review, followed by a final decision after verifying the property’s eligibility and repayment capacity. Approved loans are disbursed, with repayments deducted from the borrowers’ salaries. Key steps include joint eligibility checks, document submission, and salary-based deductions.

The HPF loan system prioritizes spouses with consistent contributions and stable income, ensuring mutual responsibility. Data from China’s Ministry of Housing and Urban-Rural Development shows that 85% of joint applications are approved, compared to 60% for single applicants. The average loan amount for spouses is $120,000, with a maximum of 90% of the property value. Contribution history is critical; those with 12+ months of payments see a 90% approval rate, while those with less face rejections. Income requirements mandate borrowers earn at least three times the annual loan repayment. For example, a $60,000 loan requires annual income ≥$18,000. Lower interest rates (4-5%) compared to commercial loans (6-8%) save borrowers $20,000+ over 20 years. This system balances affordability and fund sustainability, supporting 2.3 million families annually since 2018. The joint application process strengthens financial accountability, reducing default risks by 30% according to the China Academy of Social Sciences. These measures ensure equitable access while safeguarding the fund’s long-term viability.