Legal analysis: In this case, you should immediately return the amount you paid and ask for your repayment details. If the developer refuses or does not cooperate in the process of asking for it, then we can safeguard our vital interests through legal channels. In addition, some developers may demand liquidated damages, and if they exceed the scope of the contract, the owners may also sue each other.

Legal basis: Article 673 of the Civil Code of People's Republic of China (PRC). If the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.