① Different methods of use: the military housing provident fund can not be used to repay housing loans, while the local provident fund can be used to offset the mortgage after the provident fund payer buys a house loan.
② Different payment methods: the military provident fund is paid directly by the unit, and the soldiers themselves do not have to pay, while the local provident fund is usually paid jointly by the unit and the individual, with the payment ratio of 5%- 12%, and the specific payment ratio is determined by the unit.
③ Different extraction methods: the military provident fund can only be extracted once when discharged from the army. If the army applies for provident fund loans, the financial department of the unit will transfer its housing subsidies and housing provident fund to cooperative banks, and repay the loan principal and interest when the army retires. Local provident fund purchases houses, rents houses, resigns, retires, etc. You can take it out. Fill in the application form in the unit or submit the withdrawal application in the local provident fund management center.
④ Loan review is different: if the army applies for provident fund loans, the army will review the loans, and the financial department of the unit will transfer its housing subsidies and housing provident fund to cooperative banks to repay the loan principal and interest. The audit of local provident fund loans shall be conducted by the housing provident fund management center.
⑤ The loan amount is different: the maximum loan amount of military housing provident fund loans is 400,000, and the rest need to apply for commercial loans, while the local provident fund loan amount is determined according to the borrower's personal housing provident fund account balance, the borrower's repayment ability, the value of the house purchased, the local housing provident fund loan limit and other factors.