AsianFin--The down payment for purchasing second homes will be reduced to 25%, and the previous distinctions on the floor area of homes greater or smaller than 144 square meters has been removed when it comes to using a housing provident fund loan, according to Ankang Housing Provident Fund Management Center.

Now, when employees apply for a personal housing provident fund loan, the minimum down payment is 20% of the total purchase price for first homes and 25% for second homes.