In the context of "structural easing" of monetary policy, regulatory authorities continue to strictly investigate banks' illegal loan extensions. Recently, many banks, including the Dali Branch of Fudian Bank, have received fines for illegally issuing commercial housing loans, personal business loans, personal consumption loans illegally flowing into the real estate market, etc., as well as imprudent credit business management.
On November 4, the Dali Supervision Branch of the China Banking and Insurance Regulatory Commission announced administrative penalty information: Due to imprudent credit business management and illegal issuance of commercial housing loans, the Dali Branch of Fulian Bank Co., Ltd. was fined 850,000. Yuan.
Commercial housing loans refer to loans issued to individuals who purchase or mortgage commercial housing in the third-tier real estate market, that is, used to purchase shops or office buildings, etc. Personal loan for commercial property with personal title. The basis for administrative punishment is Article 46, Item 5 of the Banking Supervision and Administration Law of the People's Republic of China and the State Council: Serious violation of prudent business rules.
Strictly investigate the illegal inflow of credit funds into the real estate market
Under the main tone of "housing is for living, not for speculation", illegal inflows of credit funds into the real estate market have always been the focus of investigation and punishment by financial regulatory authorities. In March last year, the China Banking and Insurance Regulatory Commission, the Ministry of Housing and Urban-Rural Development, and the People's Bank of China issued the "Notice on Preventing Illegal Flows of Business Loans into the Real Estate Sector," proposing to strengthen borrower qualification verification, strengthen credit demand review, strengthen loan term management, and strengthen loan collateral management. , Strengthen the management of loans during and after the loan, strengthen the internal management of banks, strengthen the management of intermediaries and other requirements. Among them, in terms of strengthening the bank's internal management, it is necessary to implement the main responsibilities, improve the internal system, strengthen internal accountability, and strengthen the monitoring and analysis of business-purpose loans and the monitoring of abnormal employee behavior. At the same time, in terms of strengthening post-loan management, we must strictly implement the requirements for entrusted payment of funds, and strengthen post-loan capital flow monitoring and early warning. It is necessary to sign a commitment letter with the borrower regarding the use of funds, making it clear that once the loan is found to be misappropriated in the real estate field, the loan will be immediately withdrawn, the credit limit will be reduced, and the corresponding legal liability will be pursued.
Misappropriation of business loans to purchase houses is included in the credit report
Credit funds flow into the real estate market in violation of regulations. The most punished are the cases where business loans and consumer loans flow into the real estate market in violation of regulations. .
Currently, the interest rate for first-time home loans in many places has been reduced to the "3 era". There will be a group of high-interest-rate "house buyers" who will choose operating loans with lower interest rates to transition. In addition, there are also some home buyers who are not qualified for their first home, and with the help of loan intermediaries, they take risks and choose to use operating loans to purchase houses.
In June 2021, the China Banking and Insurance Regulatory Commission stated that it would take measures against signs of illegal inflow of operating loans into real estate in some cities and maintain a high-pressure supervision posture. Those who misappropriate operating loans to buy houses will have their loans withdrawn and submitted to a credit report. system, and will also affect later loans.
However, judging from the follow-up situation, the main targets of accountability are banks and loan intermediaries. Punishment cases of companies and individuals misappropriating business loans to buy houses are relatively rare, but house buyers must not use their own bodies to do so. Try risk.
Buying a house with a business loan is illegal and risky
Whether you are buying a house with a business loan or replacing a home loan with a business loan, there are considerable risks and hidden dangers.
First of all, although business loans can save part of the interest burden for home buyers, the term of business loans is often shorter than that of home loans, which increases the pressure of repaying the principal and interest in each period. For ordinary home buyers with limited financial strength, personal liquidity will be compressed, which not only increases the repayment pressure, but also damages the ability to deal with unexpected risks. Secondly, the various fees involved in the entire process, and this hidden cost is not a small amount, especially if it involves advance funds, the fees are still relatively high. It may seem that the total interest rate is saved, but in fact, you may suffer greater loss.