The preliminary examination of the provident fund is generally a bank audit, which mainly depends on the various materials submitted by the borrower, and will be reported to the provident fund management center after meeting the requirements of the bank. At this time, the provident fund loan will be audited in the management center, and after the approval, you can wait for the loan.

The difference between the preliminary examination and review of provident fund loans lies in the different auditing institutions. The preliminary examination of the provident fund shall be audited by the bank, and the review shall be audited by the provident fund management center. When borrowers apply for provident fund loans, they usually apply to the bank first, fill in the application form and submit materials, and then the bank will review them. After the approval of the bank, it will be reported to the provident fund management center for approval.

Buying a house with a provident fund loan can make the borrower pay less interest:

The main reason is that the interest rate of provident fund loans is lower than the benchmark interest rate of commercial loans, but the loan must meet the requirements of the provident fund management center, otherwise you can't apply for provident fund loans.

Generally speaking, the use of provident fund loans must be paid continuously for more than one year and have never been used. The borrower has a fixed residence in the local area, and the borrower has a stable income and the ability to repay the principal and interest of the loan. After borrowing money, you should repay it on time, and never be overdue.

The interest generated by provident fund borrowing is relatively low, and individuals do not need to repay in advance when they have spare money. The income of general wealth management products can be higher than the loan interest rate of provident fund. When individuals have spare money, they can buy wealth management products to make up for the interest on their expenses.