If you can't buy a house with a provident fund loan, you can only buy a house with a commercial loan or the full amount. If the loan is not available, the provident fund can be used. Although the interest rate of commercial loans is much higher than that of provident fund loans, there is no other choice for employees with limited funds. If the balance of the provident fund is sufficient, you can consider borrowing some money to increase the down payment, and then take out the provident fund to reduce the loan principal.

The difference between provident fund loans and commercial loans to buy a house.

1, the loan interest rate is different. The benchmark interest rate for commercial loans over five years is 4.9%, and that for provident fund loans over five years is 3.25%.

2. The loan ratio is different. Under normal circumstances, 70% of the same house can borrow commercial loans, and 80% can borrow pure provident fund loans.

3. The review process is different. Commercial loans are audited before transfer, and provident fund loans are audited after transfer.

4. The approval time is different. It takes about 20 working days to approve commercial loans and 40 working days to approve provident fund loans. Commercial loans are faster than provident fund loans.

5. The sources of loans are different. The source of commercial loans is mainly social public funds raised by some mortgage institutions such as commercial banks, while provident fund loans are funds paid by provident fund depositors.

6. Users are different. Commercial loans are open to those who meet the loan conditions, while provident fund loans can only be enjoyed by provident fund depositors.

7. Interest has different uses. The interest of commercial loans is the profit of commercial banks and belongs to relevant investors, while the interest of provident fund loans is used by the government and can only be used for the construction of affordable housing.

8. The examination and approval authorities are different. As long as the approval of commercial loans is decided by banks, the decision-making power is in banks, while the approval of provident fund loans is in the provident fund management center, and the decision-making power is in the provident fund center, and banks are only executing agencies.

9. Different years and quotas. The regulations of different banks in different cities are different, but in general, the loan period and amount of commercial loans are generally higher than those of provident fund loans.

10, the second home loan amount is different. Commercial loans have more restrictions on the second home policy and higher interest rates, while provident fund loans are basically not affected by the second home loan policy and enjoy preferential policies.