This is mainly caused by the fact that the developer’s project has not been registered for housing provident fund loans. There are several reasons:

1. The development company’s funds are relatively tight

The provident fund Compared with commercial loans, loan disbursement takes longer, and development companies are strapped for funds and cannot afford it.

2. The development project is a relatively popular real estate

Developers believe that the housing provident fund loan procedures are troublesome and are unwilling to handle them for owners.

3. The development company itself is not very standardized and fails to meet the provident fund center project registration requirements, or the registration application is rejected.

If the developer refuses to use the housing provident fund loan, we can report it. The Ministry of Housing and Urban-Rural Development has explicitly notified the developer that it is prohibited to refuse the house buyer to use the provident fund loan to buy a house. Generally, after reporting, the That's it.

The provident fund usually refers to the housing provident fund. The housing provident fund refers to state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social Long-term housing savings deposited by groups and their employees.

Since July 1, 2017, all housing provident fund off-site transfer and continuation business can be handled through the "National Housing Provident Fund Off-site Transfer and Continuation Platform." Gradually realize "accounts follow people and money follows accounts". At the same time, we vigorously promote off-site loan services to meet the capital needs of deposited employees to purchase housing across regions.

Provident Fund