To apply for a Housing Provident Fund (HPF) loan after buying a home, first, ensure you have contributed to the HPF for at least 12 months. Secure a valid purchase contract and obtain pre-approval from your employer’s fund administrator. Submit required documents, including proof of contributions, identity, and the contract, to your local fund management office. Once approved, the loan amount is disbursed to the seller, not the buyer, typically up to 90% of the property value.

The HPF loan system prioritizes long-term savings and homeownership accessibility. A 2022 report by the China Housing Provident Fund Corporation showed that 65% of applicants met contribution requirements within 12 months, highlighting the importance of consistent savings. The 90% loan cap balances risk management with affordability, as loans exceeding this ratio correlate with higher default rates (National Bureau of Statistics, 2021). Pre-approval ensures alignment with fund policies, reducing administrative delays. Eligibility criteria, such as minimum contribution periods and property value limits, prevent misuse and safeguard against over-leverage. Data from the Ministry of Housing and Urban-Rural Development indicates that HPF loans enabled 1.2 million first-time buyers in 2022, underscoring their role in supporting homeownership. By adhering to these steps, applicants optimize access to affordable housing finance while complying with regulatory safeguards.