1, different buyers: the provincial provident fund is generally bought by railway units and state organs and managed by the provincial housing provident fund center; What ordinary enterprises buy is the municipal provident fund, which is managed by the municipal housing provident fund center.
2. Available places are different: the provincial provident fund can be used in the whole province. As long as you buy a house in the province, you can use it even if the deposit place is different from the purchase place; City provident fund can only be used in the city, not in different places to buy a house.
3. Different repayment methods: mainly refers to portfolio loans. If it is a provincial provident fund plus a commercial loan, you can repay the commercial loan first and then the provident fund loan; If it is a municipal provident fund+commercial loan, the repayment of the loan needs to be carried out at the same time, and there is no situation that one party pays first and the other party pays later, so the service life will be longer.
4. The loan amount ratio is different: the maximum loan amount of the municipal provident fund is 70%, and the provincial provident fund accounts for 50%. Obviously, the loan quota ratio of the municipal provident fund is higher than that of the provincial provident fund.
Legal basis: Article 24 of the Regulations on the Management of Housing Provident Fund: In any of the following circumstances, employees may withdraw the storage balance in their housing provident fund accounts:
(a) the purchase, construction, renovation and overhaul of owner-occupied housing;
(2) retirement;
(three) completely lose the ability to work, and terminate the labor relationship with the unit;
(4) Having left the country to settle down;
(5) Repaying the principal and interest of the house purchase loan;
(six) the rent exceeds the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.
If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.