Recently, the "Hengda Mingzhu City" property developed by Zhoushan Hengda Real Estate Development Co., Ltd. and located near the Dinghai Dongshan Tunnel was launched. However, when some citizens excitedly went to pay for a house, they encountered a trouble. The company did not support housing provident fund loans. Faced with such harsh conditions, these home buyers are helpless. They asked this newspaper: Have the relevant departments issued policies restricting housing provident fund loans?

The real estate developer does not support the provident fund, what should I do with the housing loan?

Yesterday afternoon, Mr. Liu from Dinghai hurriedly came to this newspaper to report that Evergrande Real Estate Company refused a housing provident fund loan to buy a house. Mr. Liu told reporters: From January 9 to now, he has been to the Municipal Urban Construction Committee, Municipal Housing Management Bureau, Municipal Housing Provident Fund Management Center and other departments many times, but has not received a clear answer.

House Buyers: How to Refuse Provident Fund Loans

The "Hengda Mingzhu City" property ordered by Mr. Liu was launched in early January this year. The total price of the house he purchased was more than 536,000 yuan, and 30% of the down payment has been paid. But when he asked the real estate company for a housing provident fund loan, the other party refused.

As for the reason why housing provident fund loans are not supported, the other party was unclear. They just explained to Mr. Liu: The housing provident fund loan procedures are complicated and the funds are slow to arrive. "You can apply for a commercial mortgage loan instead. If you are really unwilling to accept this clause, then you have no choice but to terminate the contract." The staff at the sales office told Mr. Liu.

“The interest rate difference between housing provident fund loans and commercial mortgage loans is too big. We cannot accept such an additional cost being imposed on us.” Mr. Liu said.

The reporter later found out that the current housing provident fund loan interest rate is 4.77 for a loan period of less than 5 years (including 5 years), and 5.22 for a loan period of more than 5 years. The interest rate for commercial mortgage loans is 7.74 for a five-year term (including five years), and 7.83 for a term of more than five years. The annual interest rate difference between the two is more than 2%.

As a kind of welfare, the housing provident fund has been implemented in our city’s government agencies and institutions for many years. Mr. Liu told reporters that he pays nearly 1,000 yuan to provident fund every month, of which his own contribution is more than 300 yuan per month. The purpose of paying this amount is to use it when buying a house and to get a provident fund loan. Now real estate developers do not support housing provident fund loans, so what is the point of him paying this fee every month? Why do real estate developers refuse provident fund loans?

Real estate agent: Provident fund loans are slow to arrive

The reporter then contacted the Dinghai Sales Department of Zhoushan Hengda Real Estate Co., Ltd. Manager Ying of the department said: "The procedure for applying for housing provident fund loans is very troublesome, and it takes seven or eight months for the funds to arrive. Now our company is eager to collect funds after the completion of the building, so we do not support housing provident fund loans for the time being."

“However, although we do not support it, we are not opposed to it. After the house is completed, the home buyer can first pay off all the house payments through other methods, and then apply for a housing provident fund loan on his own. We will provide the necessary Proof." Manager Ying said, "But if the home buyer cannot pay off all the house payments after the house is completed, the purchase contract can only be canceled..."

Manager Ying also told reporters: "This way We are not the only real estate company that has done this, other companies have recently introduced similar clauses.”

In the sales department of Zhoushan Huarong Real Estate Co., Ltd., a reporter confirmed what Manager Ying said. Manager Lu, the head of the sales department, said: "Our newly launched 'Golden Valley' project does not support housing provident fund loans."

In response to this situation, the person in charge of the relevant departments of the Municipal Urban Construction Commission said: "At present, we The municipal government departments have not yet provided relevant opinions and measures on this situation.”

The reporter saw on the website of the Ministry of Construction that on December 28, 2007, Wang Guangtao, Minister of the Ministry of Construction, spoke at the National Construction Work Conference. The report pointed out that the state will increase supervision of the real estate market.

Work with relevant departments to seriously investigate and deal with illegal activities such as holding back on sales, driving up prices, false advertising, contract fraud, malicious speculation, and refusing to accept provident fund loans.