If you can use provident fund loans, buying a new house provident fund loan is of course the first choice. The annual interest rate of provident fund loans is only 4.5%, which is more than 2 percentage points lower than the current commercial loan interest rate of 6.55%. The advantages of provident fund loan are not limited to its preferential interest rate, but also many advantages such as high loan amount, long service life, flexible and convenient repayment. It is cheaper to use provident fund loans than commercial loans.