Why can't I use the provident fund to buy a house;
The main reason why you can't use the provident fund for buying a house is that the developer has not filed the provident fund loan. There are four main reasons:
1, the developer is short of funds.
Provident fund loans take a long time, and some developers are eager to pay back the money, otherwise it is easy to have a bad situation of insufficient funds (but this situation usually happens to smaller developers, and it will not happen to big developers).
2. The developer has been established for a short time.
Many developers have not been established for a long time, have insufficient experience in project development or have never developed projects, so they don't know much about provident fund loans (but this situation is very rare, after all, every developer has a professional team that can handle various problems well).
3. The developers themselves are not standardized.
Many development projects are not standardized enough to meet the requirements of provident fund filing, which leads to the rejection of applications (such developers will have unfinished business at any time, and the quality of housing and community services in the later period cannot be guaranteed).
4. The strength of developers is relatively strong.
Some developers not only have strong funds as the backing, but also have rich development experience and high-quality real estate. However, developers think that the procedures of housing provident fund loans are complicated, so many people are unwilling to handle them for the owners, especially the three real estate giants, Country Garden, Vanke and Evergrande, which are almost impossible to get provident fund loans.
The article concludes: Well, the knowledge about why you can't buy a house with provident fund is introduced here. If you need more information, please continue to pay attention to Qijia. We will provide you with better and more exciting content in the future.