When the loan amount becomes scarce, if loans are still issued at the original preferential discount, the profit margin of banks will be greatly reduced, and banks can only choose floating interest rates to make profits.
When granting loans, the limited amount often gives priority to projects with high loan interest rates, and others can only wait in line.
1, developer qualification
Whether the real estate can use the housing provident fund loan depends on whether the developer's qualifications are complete and whether it has signed an agreement with the municipal provident fund management department to apply for cooperation.
2. It is complicated for developers to sign cooperation agreements in provident fund centers.
After going through many procedures, developers need to prepare some materials to declare to the provident fund management department if they want to enjoy provident fund loans for their commercial housing projects. After that, the management center (sub-center, management department) can sign an agreement with the developer and the entrusted bank after the project is accepted, reviewed, investigated, certified, reported and approved, and the relevant information of the project will be entered into the provident fund loan information system of the management center on the same day after approval.
3. Slow withdrawal of provident fund loans.
The approval time of provident fund loans is long, the procedures are relatively complicated, and the withdrawal of funds is relatively slow. Developers prefer to pay the full amount or use commercial loans.
The property market is in good condition, and both banks and developers are mutually beneficial.
Even if the provident fund loan is refused, the developer will not worry that the house will not be sold. Real estate development and transactions need a lot of money. An important condition for many banks to agree to lend is to let developers help banks win mortgage customers, and salespeople also have "task indicators". Because of "pressure" and "motivation", developers, real estate agents and salespeople are actively promoting commercial loans to property buyers.