1. low-interest loans: the interest rate of provident fund loans is usually lower than that of commercial loans, which can save loan interest expenses.
2. Longer repayment period: The repayment period of provident fund loans is longer, which can reduce the repayment pressure and make it easier for buyers to pay off their loans.
3. Higher loan amount: The loan amount of provident fund is usually higher than that of commercial loans, which can meet the higher demand of buyers.
4. Improve the qualification of buying houses: In some cities, buyers need to meet certain qualifications before buying houses, and the deposit of provident fund can improve the qualification of buyers.
5. Improve social security: the deposit of provident fund can improve the social security level of buyers. Once the buyers are unemployed or retired, they can get some financial support by withdrawing the provident fund.
It should be noted that property buyers need to abide by relevant regulations and procedures when using provident fund loans to purchase houses, such as choosing houses within the prescribed scope and providing relevant certification materials. At the same time, buyers also need to seriously consider their own housing needs and financial situation to avoid excessive economic pressure caused by excessive loans.
Legal basis:
"Regulations on the Management of Housing Provident Fund" Article 3 Units shall pay housing provident fund for employees, and units shall pay housing provident fund in full and on time, and shall not pay it overdue or underpaid. The housing accumulation fund paid by individual employees and the housing accumulation fund paid for employees by the unit where the employees work belong to individual employees.
Article 15 of the Regulations on the Management of Housing Provident Fund, if a unit employs employees, it shall go through the deposit registration at the housing provident fund management center within 30 days from the date of employment, and go through the formalities for the establishment or transfer of employee housing provident fund accounts.
Where a unit terminates the labor relationship with its employees, it shall, within 30 days from the date of termination of the labor relationship, go to the housing provident fund management center for change registration, and go through the formalities of transferring or sealing the employee housing provident fund account.