Reported about 1 year ago
Senior journalist Li Jinqi reported on June 27, 2024, at 3:40 AM that the regulations for New Young An loans have become stricter! The Executive Yuan approved the new rule to limit loans to one per person to prevent speculation in real estate transactions. The Ministry of Finance has supervised state-owned banks to thoroughly implement credit inspections, strengthen post-loan management, and enhance inspections. Violations may result in the termination of interest subsidies and a refund of the interest already disbursed. The new policy aims to steer the real estate market away from speculation and ensure that loans are used for home purchases by young individuals.
Source: YAHOO