The eggshell apartment, one of the largest operators of long-term apartments in China, has broken the capital chain, causing more and more disputes between landlords and tenants. Eggshell apartment has developed rapidly in a few years relying on rent loan. When it collapsed, it also involved the main partner of rent loan micro banks into right and wrong.
At the beginning of the event, Weizhong bank said that the rent loan customers would not be credit reference before the end of March 2021. But this is not to the satisfaction of tenants who may lose their homes in the cold winter and have to continue to bear the responsibility of repaying their loans.
This evening (December 2), the micro banks publicly responded to the social doubts and made major concessions to the rent loan customers affected by the eggshell apartment incident: interest free for three years.
Weizhong bank announced that the customers remaining loan principal will be extended without interest. Before December 31, 2023, Weizhong bank will not deduct money and interest, and will not affect its credit record. According to the disclosure of Weizhong bank, there are 161800 users of eggshell apartment in Weizhong bank, and there are about 40077 registered households.
In view of the opinion of the outside world that Weizhong should be exempted from all customer loans, Weizhong bank said it had no right to forgive loans.
It is worth mentioning that on the morning of the concession, the economic daily published a comment article the supervision of rent loans must be strengthened criticizing the micro banks. The article holds that at the end of 2019, the six departments issued the opinions on rectifying and regulating the order of housing rental market, which requires that housing rental enterprises should not induce tenants to use housing rental loans in the name of installment and rent preference. However, eggshell openly induced users to sign contracts with Weizhong bank, and Weizhong paid eggshell every year, which violated relevant regulations.
In addition, the article also points out that the bank acquiesced in a series of illegal operations of eggshell apartment, and the loan granted greatly exceeded the 30% ceiling of rent loan ratio required by the state, and the frequency of issuing loan did not match the frequency of the borrower paying the rent.
According to the latest public opinion, Weizhong bank has completely provoked public anger in the eggshell apartment incident, and the voice for implementing regulatory requirements and modifying business model is high.
However, in response to media reports that Weizhong bank unilaterally modified the electronic contract and deleted the clause that the tenant should return the rent in advance and the eggshell apartment would directly return the remaining rent to Weizhong bank, Weizhong bank responded that the actual situation was that the above clauses were added to the new version of the contract according to the actual operation process of the previous customers rent refund, which did not change the customers Any rights and obligations and creditors rights and obligations.
Weizhong bank said that since the eggshell apartment incident, it has always actively promoted all parties to rescue the eggshell apartment. It has never refused any feasible rescue or restructuring plan, and is willing to do its best to support it. At present, all kinds of schemes have not been successful, and the bank will continue to promote the rescue and restructuring plan for eggshell apartment.
In these two days, another parent renting apartment operator was free to remind customers that its rental loan products Haiyan plan free installment and easy payment were suspended on November 27. Weizhong bank is also the fund side of the rent loan plan of free petrel.
According to the financial report in 2019, the non-performing loan ratio of micro banks has increased from 0.64% in 2017 to 1.24% in 2019. The credit impairment loss of Weizhong bank increased from 2.242 billion yuan to 5.519 billion yuan.
Eggshell apartment, founded in 2015, is one of the most well-known brand operators in the wave of long-term apartments. After several years of rapid expansion, eggshell apartments were listed in the United States in January this year, with more than 410000 units under management by the end of the first quarter.
However, eggshell apartment has been losing money for several years. From 2017 to the end of the first quarter of this year, eggshell apartment lost 272 million yuan, 1367 million yuan, 3437 million yuan and 1234 million yuan respectively, with an accumulated loss of more than 6 billion yuan.
Eggshell apartment is essentially the role of second landlord. The traditional second landlord business is difficult to expand, but eggshell apartment has found the rent loan as a sharp weapon. From 2017 to 2019, eggshell apartment expanded rapidly by means of rent loan mode through deep cooperation with micro banks. In the first nine months of 2017, 2018 and 2019, 91.3%, 75.8% and 67.9% of their valid lease contracts used cash loans, respectively. In the crazy expansion of eggshell apartments, high income, low output and long-term collection and short payment and other illegal operations have long buried a crisis, rent loan has actually become a capital pool. When the rental market goes down or financing is blocked, the risk of eggshell apartments will surface. This year, the eggshell apartment suffered from the epidemic, which directly impacted the business model. Since then, in June this year, Gao Jing, CEO of eggshell apartment, was also taken away for investigation, which became a turning point for the explosion of eggshell apartment. Eggshell source: Damo Financial Editor: Chen Hequn_ NB12679
Eggshell apartment is essentially the role of second landlord. The traditional second landlord business is difficult to expand, but eggshell apartment has found the rent loan as a sharp weapon. From 2017 to 2019, eggshell apartment expanded rapidly by means of rent loan mode through deep cooperation with micro banks. In the first nine months of 2017, 2018 and 2019, 91.3%, 75.8% and 67.9% of their valid lease contracts used cash loans, respectively.
This year, the eggshell apartment suffered from the epidemic, which directly impacted the business model. Since then, in June this year, Gao Jing, CEO of eggshell apartment, was also taken away for investigation, which became a turning point for the explosion of eggshell apartment.