Housing provident fund loans are targeted at employees who pay housing provident fund. Commercial loans belong to individual housing loans and are open to everyone.

Second, the loan interest rate is different.

The benchmark interest rate for commercial loans over five years is 6.55; The interest rate of housing provident fund loans for more than 5 years is 3.25.

Third, the loan process and approval time are different.

Commercial loans are generally reviewed before the property buyers handle the transfer, and the approval time is about 20 working days. The main censorship institution is the bank, that is, the decision is in the bank; Housing provident fund loans are generally reviewed after transfer, and the approval time is about 40 working days, which requires the approval of the housing provident fund management center. The decision is made by the housing provident fund management center, and the bank is only the executing agency.

Four, the loan source and interest use are different.

Commercial loans are mainly loans from commercial banks; The main source of funds for housing provident fund loans is the housing provident fund paid by depositors.

Article 27 An applicant applying for a housing provident fund loan shall provide a guarantee.

Twenty-eighth housing provident fund management center in the premise of ensuring the housing provident fund withdrawal and loans, approved by the housing provident fund management committee, housing provident fund can be used to buy government bonds.

The housing provident fund management center shall not provide guarantees to others.