1, different purchasing companies

The provincial provident fund is generally bought by railway units and state organs and managed by the provincial housing provident fund center; Generally, enterprises buy the city provident fund, which is managed by the city housing provident fund center;

2. Different locations are available

The provincial provident fund can be used in the whole province, and the municipal provident fund can only be used in the whole city. In short, if you buy the provincial provident fund, you can apply for a housing loan or rent a house in the province, while a city's provident fund can only be effective in one city and cannot be used outside a city's provident fund;

3. Different repayment methods.

If it is a portfolio loan and a provincial provident fund, you can repay part of the commercial loan first and then part of the provident fund; Urban provident fund needs to be repaid at the same time in accordance with the prescribed proportion, which may take a long time;

4. The loan amount and terms are different.

There will be some differences in the loan amount between the provincial provident fund and the municipal provident fund. Generally speaking, the provincial provident fund loan down payment can be 20%, while the municipal provident fund down payment needs 30%, for example, in Sichuan. But the specific policies vary from place to place. For example, there is no difference in the loan ratio between the Hunan Provincial Provident Fund and the Municipal Provident Fund, but the conditions for applying for loans are different. The provincial provident fund needs to be paid continuously for more than 6 months, and the Changsha provident fund needs to be paid continuously for more than 12 months; There are also differences in the calculation methods of loanable amount.

How to withdraw the provident fund:

1, house purchase withdrawal: the provident fund can not only apply for bank loans to purchase houses, but also withdraw subsidized house purchase funds. Some buyers may not know this. Although the interest of provident fund loans is much lower than that of ordinary commercial housing loans, if property buyers do not meet the conditions of provident fund loans, they can consider withdrawing provident fund. Property buyers can consider withdrawing the provident fund in the name of buying a house, taking the amount of the provident fund loan account as the down payment for buying a house, or withdrawing the provident fund to repay the principal and interest;

2. Pay the rent: even friends who don't buy a house can withdraw the provident fund. For example, friends who are still renting a house can withdraw the provident fund to pay the rent. With the rise of house prices, the rent has also increased a lot. If you want to rent a house with a better environment, the rent is actually not cheap. Now the rent is paid quarterly or semi-annually. Paying so much money at once is quite stressful. If the tenant happens to be at that time,

3. Housing extraction and renovation: Some friends don't like life in the city, but prefer the place where they grew up. At this time, buyers can consider withdrawing provident fund to decorate their houses. Although the cost of building a house is less than buying a house in the city, it still needs a lot of money. In fact, housing provident fund can also be used when building a house. Unclear friends can also consult the local provident fund management center. Most cities support it;

4. Extraction of major diseases: There are many medical expenses for major diseases. If someone in the family suffers from a serious illness, then in the case of relatively high pressure on medical expenses, buyers can consider withdrawing provident fund to pay;

5. Withdrawal of account cancellation: If the personal provident fund account is no longer used, you can close the personal provident fund account and withdraw the balance of the provident fund.

To sum up, the provincial housing provident fund management center is responsible for the housing provident fund deposit, operation and management of employees of provincial organs, institutions and other units. The difference between the provincial provident fund and the municipal provident fund is that the municipal provident fund can only apply for a loan if it collects the full amount of the house purchase, but the provincial provident fund does not need this.

Legal basis:

Article 24 of the Regulations on the Management of Housing Provident Fund

In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:

(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.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.