Illegal housing-related loans were recovered in advance? Shanghai's new mortgage policy is "real", and the follow-up or increase the crackdown.

Recently, a Notice of Early Withdrawal of Personal Loans (hereinafter referred to as the Notice) belonging to Shanghai has been circulated on the Internet.

The notice shows that the individual loan contract was signed on June 5, 2008+10/October 5, with a loan amount of 5 million yuan. As the Lender fails to fulfill the relevant agreement on "loan purpose" in Article 4 of the Loan Contract as agreed, the bank announced that all the loans were due in advance, and the Lender must repay the loan principal and interest in full before March 3 1. If it is overdue, it will constitute overdue, resulting in penalty interest, and the bank will take measures such as litigation and property preservation.

"This loan that is required to be recovered in advance is a mortgage loan, that is, an operating loan, that is, to mortgage your house to the bank. The purpose of the loan is the company's operation, but the misappropriation of the loan (buying a house) has been detected. " A banker in Shanghai, who did not want to be named, told the National Business Daily that this was the first case of substantial punishment warning after the new regulations of "strictly checking the illegal flow of credit funds into real estate" in Shanghai at the beginning of the year.

Notice of early withdrawal of personal loan sent online.

Banks at all levels in Shanghai urgently investigate and rectify housing-related credit.

On June 29th this year, 65438, Shanghai Banking Insurance Regulatory Bureau issued the Notice of Shanghai Banking Insurance Regulatory Bureau on Further Strengthening the Management of Personal Housing Credit (hereinafter referred to as the Notice), requiring all banks in Shanghai to "conduct a comprehensive self-examination of consumer loans, business loans and personal housing loans issued since June 2020", "prevent credit funds from being illegally misappropriated in the real estate field, and prevent borrowers or entrusted payment objects from evading the use management" and "borrowers default".

According to the news obtained by the reporter of the National Business Daily, banks at all levels in Shanghai are currently investigating and handling a number of loans, such as operating loans and mortgage loans, and making policy "patching". This also makes some customers who have signed loan agreements before be required to reduce the loan ratio and increase the down payment ratio.

The above-mentioned Shanghai bankers told reporters that recently, the regulatory authorities and the general branch of the bank are strictly checking the inflow of loans into real estate, and the branches have inspections almost every day, and the requirements are much stricter than before. After the investigation, the branch must carry out rectification, and one of the rectification measures is to recover the loan.

Manager Huang Shan, who is in charge of operating loans and consumer loans at a bank in Shanghai, said that at present, his bank has started to check the previous loan amount, but it is not clear how long it will take to go back. Once found, the customer will be required to repay the loan within a time limit.

Screenshot of official website of Shanghai Banking Insurance Regulatory Bureau

On the one hand, recover the funds that have flowed into the housing market in advance; On the other hand, banks have further strengthened their supervision over the unlisted funds.

Huangshan told the reporter of National Business Daily that banks are stepping up inspections of borrowers who apply for business loans and personal mortgage loans in a short period of time, and have already "drawn loans" for a number of illegal loans.

In this regard, Jaco, Dean of the Branch of 58 Anjuke Real Estate Research Institute, believes that recently, many cities have begun to rectify the illegal flow of commercial loans and consumer loans into the property market, and there are also many measures to curb new loans. Judging from the actual implementation, the number of cases that have been investigated in violation of regulations and required to repay the loan in advance may increase recently.

Credit policy "patching", follow-up or strengthen the crackdown.

In fact, as early as the end of April last year, the Shanghai headquarters of the central bank prohibited banks from illegally providing funds to property buyers in the form of consumer loans and operating loans. On June 29th this year, 65438, the Shanghai Banking Insurance Regulatory Bureau issued the Notice, requiring that the target of individual housing mortgage loans be limited to capped buildings, and banks also tightened the approval of housing-related loans.

Why do banks "patch" the credit policy at this time?

The above-mentioned Shanghai bankers said that the large preferential interest rate of small loans last year made many borrowers use commercial loans (especially mortgage loans) to enter the real estate market. Under the new mortgage policy at the beginning of the year, banks began to invest manpower and material resources to conduct a comprehensive investigation. However, because such funds often flow through multiple channels, it is not difficult for banks to find out.

Jaco believes that for this phenomenon, the market should be aware that the state's financial regulation has been significantly strengthened. All parties to the real estate transaction need to sound the alarm. This time, it is not a "gentle breeze and drizzle" to increase the investigation and punishment. From the time of investigation and punishment, we can fully demonstrate our determination and strength. At present, those who want to obtain housing funds through illegal means will only face more severe punishment.

"In the process of operating loans and consumer loans illegally flowing into the property market, some intermediaries or financial institutions have played a certain role in fueling the situation. If some institutions provide illegal services, some financial institutions are not strictly audited. " Jaco said that the crackdown on housing-related loans by the follow-up regulatory authorities and banks will continue to increase, and at the same time, institutions that violated laws and regulations in the early stage will be given greater punishment.