"Breaking News" Loan interest subsidy for self-purchased residences
The Ministry of Interior and Land Management Bureau announced that the application period for housing subsidies in 2024 is from August 1 to August 30. Subsidies include interest subsidies on home loans for self-purchase and renovation, and can be matched with new Qing'an loans. Applicants must meet four conditions: annual household income, average monthly income per person, and household movable and real estate limits. Violations include owning a second home, a spouse owning a house, and inheriting a house. Violators will have to pay back the subsidy. Please note the preferential interest rates and conditions, and the subsidy period can be up to 20 years.
