What should I do if the bank's water level is too high and I can't lend money, and I'm about to default?
Taiwan's housing market is booming and banks' water levels have reached warning levels, causing many buyers to face loan difficulties and may default and lose money. Banks will not lend, waiting will not help, and the contract delivery date may come early. If you are unable to get a loan, you should consider applying for a loan from an institution that is not subject to the restrictions of Article 72-2 of the Banking Law. These institutions have preferential interest rates and are not subject to the 30% water level restrictions to meet your funding needs. If a bank loan fails, alternatives should be quickly sought to avoid the risk of default.
