1, with different interest rates.

The biggest difference between housing provident fund loans and ordinary loans is the different interest rates. The interest rate of housing provident fund loans is the lowest among existing housing loans. For many property buyers, if they use loans to buy a house, the cost of using housing provident fund to buy a house is the lowest, so many friends will apply for housing provident fund when considering buying real estate.

2. There are certain thresholds.

Not everyone can apply for a housing provident fund loan. Only those who normally pay a certain proportion of provident fund can rent housing provident fund loans affectionately. This also means that when we consider housing provident fund loans, we should consider our own payment of provident fund. If you don't pay a certain amount or never pay the provident fund, you can't apply for a provident fund loan.

3. There is a maximum limit

There are certain restrictions on the amount of housing provident fund loans, but there are no restrictions on the amount of ordinary loans. But comprehensively consider whether to approve the loan request according to the economic situation and working conditions of the loan applicant. The maximum amount of housing provident fund loans varies from city to city. I suggest you know your city loan requirements in advance.

4. Determine the relevant collateral.

Housing provident fund loans can only be issued after the relevant mortgage or guarantee is clear, so relatively speaking, the approval time of provident fund loans will be longer than that of ordinary loans, and provident fund loans are entrusted loans, and banks are only general entrusted institutions, and they have not received interest income from provident fund loans.

5. The examination and approval procedures are complicated.

Compared with ordinary loans, housing provident fund loan procedures are more complicated, because it is the housing provident fund paid by employees and their units that are used by local provident fund management centers. Banks are third-party organizations and have no right to obtain income. Only mortgage loans are the source of profits for banks.

Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

The definition of housing provident fund includes the following five aspects:

(1) The housing accumulation fund is only established in cities and towns, and the housing accumulation fund system is not established in rural areas.

(2) Only on-the-job employees can establish the housing accumulation fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.

(3) The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.

(4) The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid continuously in accordance with the regulations during their employment, and shall not be suspended or interrupted except for employees' retirement or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.

(5) The housing accumulation fund is the employee's individual housing savings fund, which is specially used for housing consumption expenditure.

The difference between provident fund loans and commercial loans

What's the difference between provident fund loans and commercial loans?

1. The differences between provident fund loans and commercial loans are as follows:

(1) The loan objects are different. Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. Commercial loans, also known as personal housing loans, are loans provided by commercial banks and housing savings banks approved by the People's Bank of China for urban residents to purchase ordinary housing for their own use;

(2) The loan interest rate is different. The benchmark interest rate for commercial loans over five years is 4.9%, based on the mortgage interest rate of the lending bank. The interest rate of housing provident fund loans for more than 5 years is 3.25%.

(3) The scope of application is different. Commercial loans can be used for residential and non-residential, but provident fund loans can only be used for individuals to buy houses.

2. Legal basis: Article 2 of the Regulations on the Management of Housing Provident Fund.

These Regulations shall apply to the deposit, withdrawal, use, management and supervision of housing provident fund in People's Republic of China (PRC).

The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees.

Article 6

The deposit and loan interest rate of housing provident fund is proposed by the People's Bank of China. After soliciting the opinions of the construction administrative department of the State Council, it is reported to the State Council for approval.

2. What are the requirements for applying for provident fund loans?

1, with permanent residence or other valid residence status in this city and full capacity for civil conduct;

2. Sign a legal and effective purchase contract or agreement, and pay the first purchase price according to the specified proportion;

3. Have the ability to repay the loan principal and interest on time and have a stable occupation and income;

4. You can only apply for a loan calendar after you have paid the housing provident fund in full for 6 months.

5. Good personal credit;

6. There are no other large debts that can affect the loan repayment ability;

7. The monthly expenditure not higher than 50% of the family's monthly income is used to repay all kinds of housing loans, including the individual housing provident fund loans to be applied for, and the family's monthly income is not lower than the minimum living guarantee standard of this Municipality after deducting the monthly repayment expenditure;

8. Meet other conditions stipulated by national laws and regulations.

What's the difference between provident fund loans and commercial loans?

The difference between provident fund loans and general commercial loans lies in the different interest rates. The interest rate of provident fund loans is low, and the interest rate of commercial loans is relatively high.

The interest rate of provident fund loans is: the interest rate of provident fund loans for more than five years is 3.25%.

At present, the benchmark interest rate for commercial loans with a loan term of more than 5 years is 4.90%. Due to the policy of restricting purchases and loans, local banks have different efforts to adjust the interest rate of the first home loan. The average interest rate of the first suite in China is 5.38%, and the interest rate generally rises by 5%-20%.

Based on this calculation, the interest of provident fund loans is lower than that of commercial loans.

If a commercial bank loans 6,543,800 yuan, the interest of the commercial loan is 6,543,800 yuan+0,000× 5.38% = 53,800 yuan (per year). If the provident fund loan is 6,543,800 yuan, then the interest of the provident fund loan is 654.38+000× 3.25% = 32,500 yuan (per year), which is 2,654,380 yuan+0.3 million yuan (per year) cheaper.

The difference between buying a house commercial loan and provident fund loan.

China Bank's personal first-hand housing loan is a commercial RMB loan that uses bank credit funds to purchase first-hand housing. Personal housing provident fund loans refer to loans entrusted by local housing provident fund management centers to commercial banks to pay for housing provident fund purchase, construction, renovation and overhaul. Personal housing provident fund portfolio loan refers to the borrower's application for commercial personal housing loan from the entrusted bank when the personal housing provident fund loan is insufficient to pay the house purchase price, and the entrusted bank gives the borrower a combination of personal housing provident fund loan and commercial personal housing loan. Due to the different policies and requirements of local commercial loans and housing provident fund management centers, commercial loans need to be consulted in detail with commercial loan handling outlets, and housing provident fund loans can also be consulted with local provident fund management centers.

The above contents are for your reference. Please refer to the actual business regulations.

The difference between housing provident fund loans and commercial loans

The differences between commercial loans and provident fund loans are as follows:

1, loan conditions: the commercial loan object is qualified through credit investigation; Provident fund loans must be paid by on-the-job employees and paid in full within a certain period of time.

2. Type of house: you can use provident fund loans to buy ordinary houses, but you can't use provident fund loans to buy commercial houses and villas; Commercial loans are not limited by the type of house.

3. The loan process is different from the examination and approval institution.

4. Different loan interest rates: the loan interest rate of provident fund is low, and the interest is low; The interest on commercial loans will be higher.

5. Different sources of funds.