Reason 1. Funds are relatively tight

For developers, they want to withdraw funds as soon as possible from the properties they develop, and they are not willing to wait for citizens to apply for provident funds. Slow means that the review and disbursement speed for citizens to apply for provident fund loans is much slower than that of ordinary commercial loans. In addition, it takes a huge amount of time for developers to acquire land and build houses. If you want to speed up the withdrawal of funds, generally provident fund loans are not supported. Buy a house.

Reason 2. Project progress

According to relevant regulations, the project progress must reach two-thirds or more of the total project progress before you can apply for provident fund loan qualifications. When some projects obtain a pre-sale license for commercial housing, the progress of the project may only reach about two or three floors above ground. This is also a manifestation of the "slowness" just mentioned. In this case, it is naturally impossible to support provident fund loans.

Reason 3. Their house is a hot commodity

If you don’t buy it, you can’t buy it. Others are waiting to grab it. The main reason is that developers find the housing provident fund loan procedures cumbersome and are unwilling to handle them for owners. (Of course, it is said that this is the case for most real estate projects that are not eligible for Provident Fund loans. Even if you don’t buy it, others will rush to buy it, so why bother yourself).

Reason 4. The house seller or developer itself is not very standardized and fails to meet the provident fund center project registration requirements, or the registration application is rejected.

I hope the above content is helpful to you.