There are four main differences between provincial provident funds and municipal provident funds:

1. Different buyers: Provincial provident funds are generally purchased by railway units, state agencies, and general enterprises. They all buy municipal provident funds.

2. The available locations are different: provincial provident funds can be used within the province, while municipal provident funds can only be used within the city.

3. Different loan repayment methods: the loan is a combination loan. If it is a provincial provident fund, you can repay the commercial loan part first and then the provident fund loan part. The municipal provident fund needs to be repaid at the same time according to a certain proportion, and the life span may be relatively long.

4. Different proportions: The provincial provident fund and the municipal provident fund will have certain differences in the loan amount. Generally speaking, the municipal provident fund can account for 70%, and the provincial provident fund can account for 50%.

Extended information

The housing provident fund paid by the employee personally and the housing provident fund paid by the employee's unit for the employee belong to the employee personally. When handling unit housing provident fund payment and deposit registration, the unit manager should go to the designated outlet of the housing provident fund management center to collect relevant forms and handle housing provident fund payment and deposit registration, open unit and employee personal housing provident fund accounts, and provide:

1. Housing provident fund account opening registration form (with official seal and financial seal).

2. Housing provident fund payment base table (with financial seal).

3. Wage distribution list of active employees (check the original and keep a copy with a financial seal). ;

4. A copy of the legal person ID card (administrative institutions with legal person certificate).

5. Business license (administrative institution with organization establishment document) and organization code certificate, keep a copy of the original (stamped with official seal).

6. A copy of the handler’s ID card.

If the employee has paid the housing provident fund in full for three consecutive months, and he and his spouse do not own a house in the city where the deposit is made and rent a house, the couple can withdraw the housing provident fund to pay the rent. At the same time, the notice also provides more specifications and explanations on issues such as withdrawal amounts, rental withdrawal conditions, withdrawal review efficiency, etc.

Reference materials: Baidu Encyclopedia ? Provident Fund