The provincial provident fund is better. The direct payment unit of the provincial provident fund is the provincial provident fund management center, and the management unit of the municipal provident fund is the municipal provident fund management center. No matter where the deposit is made, as long as it conforms to the Measures for the Administration of Entrusted Loans for Individual Housing Provident Funds, loans can be made.
Housing accumulation fund is a long-term housing deposit paid by units and their employees, and it is the main form of monetization, socialization and legalization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed.
The provincial housing provident fund management center is responsible for the deposit, operation and management of housing provident fund for employees of provincial organs, institutions and other units. The difference between the provincial provident fund and the municipal provident fund is that the municipal provident fund can only apply for a loan if it collects the full amount of the house purchase, but the provincial provident fund does not need this.
What is the difference between the provincial provident fund and the municipal provident fund? 1, the purchasing company is different.
Provincial provident fund is generally purchased by railway units and state organs; City provident fund is generally purchased by enterprises. The provincial provident fund is paid directly by the provincial provident fund management center, and the municipal provident fund management unit is the municipal provident fund management center.
2. Available locations are different.
The provincial provident fund can be used in the whole province, and the municipal provident fund can only be used in the whole city. In short, if you buy the provident fund in X province, you can apply for a housing loan or rent a house in X province, but the provident fund in X city can only be valid in X city, and it can't be used after X city.
3. Different repayment methods.
If it is a portfolio loan and a provincial provident fund, you can repay part of the commercial loan first and then part of the provident fund; The municipal provident fund needs to be repaid at the same time in accordance with the prescribed proportion, which may take a long time.
4. The loan amount and terms are different.
There will be some differences in the loan amount between the provincial provident fund and the municipal provident fund. Generally speaking, the provincial provident fund loan down payment can be 20%, while the municipal provident fund down payment needs 30%.