Wuhan housing provident fund said on May 29 on its official WeChat account that
it has fully upgraded contribution and loan rules for flexible‑employment
participants, substantially boosting their mortgage rights. Key changes: the
loan‑amount multiplier used in the calculation formula is raised from 10x to
20x; the contribution coefficient is aligned with that for unit (employed)
staff; flexible‑employment borrowers may use provident‑fund loans to buy a
family’s second home and may apply for commercial‑to‑provident‑fund loan
conversion under the same rules as unit employees. The basic loan eligibility
test is relaxed from “contributions held under agreement for 12 months” to a
requirement that at least 12 months elapse between the loan application date and
the first contribution after an effective agreement, lowering the loan
threshold.
