1. You can buy a house by paying provident fund for several years. 1. You can buy a house by paying provident fund for 1 year.

However, the provident fund is required to be in a deposited state. In some areas, there are some restrictions on the deposit time of the provident fund. You can still get a loan to buy a house after paying for 6 consecutive months.

In addition to the time limit for deposits, other conditions for provident funds also need to be met.

2. What is the difference between provident fund loans and commercial loans? 1. The loan objects are different.

Housing provident fund loans are targeted at employees who have paid housing provident funds. Only those who have paid housing provident funds can choose housing provident fund loans.

Commercial loans are personal housing loans and are open to all people. As long as they meet the bank's loan conditions, the loan can generally be successful; 2. Loan interest rates vary.

Because provident fund loans are not policy loans for profit, their interest rates are relatively low. The interest rate for mortgages over 5 years is 3.25%.

Commercial loans are different. They are for profit-making purposes and have relatively high interest rates. The base interest rate for more than 5 years is 4.9%, and different banks in different regions will make adjustments.

With the same mortgage amount, provident fund loans can save more interest; 3. There are differences in the types of housing loans.

Provident fund loans can only be used to purchase houses with 70-year property rights. Other types of houses such as commercial houses cannot apply for provident fund loans.

The types of houses that can be purchased with commercial loans are relatively loose. In addition to residences, apartments are also available; 4. The proportions are different.

Generally speaking, if you purchase the same house with a commercial loan and a provident fund loan, you can only borrow 70% of the first house with a commercial loan, while you can get a maximum of 80% of the first house with a pure provident fund loan; 5. Loan sources:

the difference.

The main source of funds for housing provident fund loans is the housing provident fund paid by the payer. The interest generated by the loan has specified purposes and can generally only be used for the construction of affordable housing.

Commercial loans are mainly made by commercial banks for the purpose of making profits, and the interest belongs to the relevant bank investors.

6. The loan process and approval time are different.

Commercial loans are generally reviewed before the home buyer handles the transfer. The review and approval time is about 20 working days. The main review agency is the bank, which means the bank has the right to make the decision.

Housing provident fund loans are generally reviewed after the transfer of ownership. The approval time is about 40 working days, and they need to be approved by the housing provident fund management center. The decision-making power rests with the housing provident fund management center, and the bank is only the execution agency.

According to the law, Article 3 of the "Housing Provident Fund Management Regulations" stipulates that the housing provident fund paid by individual employees and the housing provident fund paid by the employee's unit for employees belong to the individual employee.

Article 4: The management of housing provident funds follows the principles of decision-making by the housing provident fund management committee, operation of the housing provident fund management center, storage in special bank accounts, and financial supervision.

Article 5: The housing provident fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may misappropriate it for other purposes.

Article 6: The deposit and loan interest rates for housing provident funds shall be proposed by the People's Bank of China and shall be submitted to the State Council for approval after soliciting the opinions of the construction administrative department of the State Council.

Article 24 of the "Housing Provident Fund Management Regulations" If an employee has any of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account: (1) Purchase, build, renovate, or overhaul a self-occupied house; (2) Retirement,

Retired; (3) Completely lost the ability to work and terminated the labor relationship with the employer; (4) Settled abroad; (5) Repaid the principal and interest of the house purchase loan; (6) 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, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.

If an employee dies or is declared dead, the employee's heirs or legatees can withdraw the balance in the employee's housing provident fund account; if there is no heir or legatee, the balance in the employee's housing provident fund account will be included in the appreciation income of the housing provident fund.