The government has seen increased confusion among financial consumers following the large-scale household loan restriction policy announced on the 27th. This is because extensive regulations covering everything from mortgage loans to credit loans were implemented starting the day after the announcement, on the 28th. Loan inquiries have been pouring into bank counters and customer service centers. In response, the Financial Services Commission disclosed the strengthened regulatory criteria by loan type on the 30th.
If a consumer receiving a general mortgage loan entered into a purchase contract for a dwelling and paid the deposit before the 27th, they must prove this fact to the financial institution. Consumers who can demonstrate the deposit payment can receive a loan according to the regulations prior to this restriction. Additionally, if the financial institution completed the acceptance of mortgage loan applications by the 27th, they likewise do not fall under the strengthened regulations. This also applies to mortgage loans and credit loans intended for living stabilization funds.
If you plan to receive a collective loan before the distribution of the dwelling, the timing of the recruitment announcement for residents is the criterion for judgment. Consumers receiving interim payments and final payments can obtain loans according to the previous regulations if the recruitment announcement for residents was made by the 27th. Consumers taking out moving expenses loans can be subject to the previous regulations if they received management approval by the 27th.
Additionally, household loans for the purpose of returning deposits for tenant leases and conditionally transferred lease loans must have lease contracts concluded by the 27th to be eligible for loans under the previous regulations.