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Why does the developer only accept cash when selling houses and does not allow loans?

The normal reason why loans are not allowed is mostly because the developer does not have guarantee qualifications in the bank.

The reasons are as follows:

1. The developer is affiliated with Waifu. When he came to develop the property locally, he only applied for the development qualification and did not apply for the bank guarantee.

Qualifications;

2. The developer has not obtained complete development procedures

If the above conditions are met but the loan is not allowed, then the developer is in urgent need< /p>

Funds are withdrawn

because it will take time for banks to process mortgage loans.