调查！个人经营贷违规入楼市乱象仍存 中介：首年利率低至0.795％ 无营业执照也能办

Core Viewpoint - The article discusses the increasing trend of using personal business loans (operating loans) to replace housing mortgage loans, which allows borrowers to benefit from lower interest rates, but raises concerns about regulatory compliance and potential risks in the banking sector [1][3]. Group 1: Operating Loans and Market Dynamics - Operating loans have become a popular alternative for individuals looking to reduce their mortgage payments, with rates as low as 0.795% after subsidies, compared to traditional mortgage rates [1][4]. - The interest rates for operating loans have dropped to 3% or below, creating a significant price difference compared to residential mortgage rates, prompting intermediaries to promote these loans aggressively [1][3]. - Some intermediaries are facilitating the conversion of high-interest mortgage loans to lower-interest operating loans, even without proper business licenses, which raises compliance issues [1][4]. Group 2: Regulatory Concerns and Risks - Regulatory bodies have noted the misuse of operating loans for real estate purchases, with instances of borrowers being misclassified as business owners to secure loans [5][6]. - Recent penalties have been imposed on banks for improper management of operating loans, highlighting vulnerabilities in their internal risk control systems [6][7]. - There is a growing concern that banks may not adequately assess borrowers' actual repayment capabilities, leading to increased default risks, especially as many operating loans are set to mature [7][8]. Group 3: Economic Implications - The ongoing decline in property values, as indicated by a continuous drop in housing prices for 41 months, poses a risk to the collateral backing these loans, potentially leading to a cycle of defaults and asset devaluation [7][8]. - The pressure on banks to manage maturing operating loans could exacerbate market conditions, leading to a vicious cycle of asset depreciation and increased defaults [8].