The interest rates of provident fund loans and bank loans are still very different. The same loan amount, the interest difference between the two reaches several hundred thousand yuan. The interest rate of the provident fund loan is 4.5%, the loan is 500,000 for 30 years, and the interest is 410.2 million. The commercial loan interest rate is 6.55%, the loan is 500,000 for 30 years, and the interest is 643,000. The difference between them is 236,5438+0,000.

Provident fund loan process:

1, application. The borrower shall submit a written application for housing provident fund loan to the housing provident fund management center, and truthfully fill in the housing provident fund loan application form and related materials, such as: personal identity card, borrower's marriage certificate, income certificate of the applicant and spouse, original legal purchase contract, stamp of the applicant and spouse, etc.

2. First instance. The housing provident fund management center conducts a preliminary examination of the applicant's materials, including the applicant's qualifications, loan amount, term, etc. After passing the preliminary examination, the management center issued the Notice of Collateral Review and Evaluation;

3. evaluation. After receiving the notice of mortgage review and evaluation, the applicant will take the notice to the designated evaluation institution to evaluate the value of the house to be purchased. If it is affordable housing, there is no need to evaluate it;

4. review. After the applicant gets the appraisal report issued by the appraisal institution, he will go to the provident fund management center for examination and payment with the appraisal report and preliminary examination materials. If it passes the examination, the management center will issue the Notice of Investigation on the Entrusted Loan Guaranteed by the Housing Provident Fund Management Center.

Legal basis: Article 5 of the Regulations on the Administration of Housing Provident Fund.

The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied housing by employees, and no unit or individual may use it for other purposes.

Article 26

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.