Buying a house with provident fund is really cheap, but it should also be calculated according to your loan time and loan amount. According to the highest loan standard for buying a house by provident fund, the interest rate of general loans should be 3.75%, which is about half of that of commercial loans. If calculated according to the same loan term, the loan amount is 500,000 yuan, and the possible interest of commercial loans is about 300,000 yuan, then the interest of buying a house with provident fund under the same circumstances is about13 ~140,000 yuan. Therefore, the standard of 500,000 yuan can be as cheap as16-170,000 yuan.

Relevant regulations:

Article 24 of Regulations on the Management of Housing Provident Fund (revised on 20 19): In any of the following circumstances, employees may withdraw the storage balance in their housing provident fund accounts:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.