Deposit housing provident fund has the following advantages:

1, low-interest loans. Employees who use housing provident fund loans when buying houses can enjoy lower interest rates than commercial loans;

2. Increase employees' personal income. Housing provident fund shall be paid by the unit and its employees, and the paid housing provident fund shall be owned by the employees, and the housing provident fund shall bear interest according to the regulations from the date of deposit in the employee account.

3. Tax incentives. The housing accumulation fund paid by employees shall be exempted from personal income tax within the limits prescribed by the tax authorities.

4. Housing consumption extraction. Workers can withdraw housing provident fund for housing consumption expenses such as construction, purchase, rent and loan repayment;

5. Non-housing consumption extraction. Workers who meet one of the eight circumstances, such as retirement, household registration moving out of the city, resignation and serious illness, can withdraw the housing provident fund.