2. The loan process is different: the provident fund loan is applied to the housing provident fund management center and then distributed through commercial banks, which are only the executing agencies. The bank's mortgage loan is applied to a commercial bank, and the decision is made by the bank.
3. Different loan interest rates: The interest rate of provident fund loans is generally lower than that of bank mortgage loans, because provident fund loans are policy loans, while bank mortgage loans are commercial loans that need profit.
4. Different sources of loans: the main source of funds for provident fund loans is the housing provident fund paid by the insured employees, while the source of funds for bank mortgage loans is deposits or other wealth management funds.