1. If the provident fund loan interest rates for the first house and the second house are different, the provident fund loan benchmark interest rate for the first house will be applied, and the base interest rate for the second house will be increased by 10%. In addition, the down payments for provident fund loans for first and second homes will also be different.

2. Provident fund loans refer to personal housing provident loans. The local housing provident fund management centers use the housing provident funds paid by employees who apply for provident fund loans to entrust commercial banks to purchase, construct, renovate, and overhaul housing. House mortgage loans are issued to housing provident fund depositors who live in their own homes and retired employees who paid housing provident funds during their employment.

3. Employees who have paid housing provident funds for a certain period of time or more according to regulations (the period is different in each city, such as Changsha is more than 12 months) have insufficient funds to purchase, build, renovate, or overhaul their own houses. You can apply for provident fund loans.

For more information about the difference between one set and two sets of provident fund loans, enter: /ask/8092e91616100885.html?zd to view more content