Provincial provident funds are generally purchased by railway units and state agencies. Generally, enterprises buy municipal provident funds. Provincial provident funds can be used throughout the province, while municipal provident funds can only be used within the city. Moreover, the payment fees are different due to different names of administrative departments that pay provident funds and different consumption bases paid, as well as the final amount received. However, they all use the purchased property as collateral to apply for a loan from the provident fund center.

In terms of housing loans: The difference is that the municipal provident fund needs to be transferred first and then the loan, while the provincial provident fund needs to be loaned first and then transferred. The difference is that with the municipal provident fund, you must first collect the full purchase price of the house and then apply for a loan, but with the provincial provident fund, this is not necessary.