It is better to apply to the branch specific by the developer so that the loan release from bank to developer is prompt.

One of the reason why developer recommends a specific branch is to facilitate efficient and timely documentation and corresponded with that branch. Imagine if got 4 panels of banks and 5 different branches, developer has to deal with 20 different parties each time loan disbursement. The dealing load may double with DIBS. If the developer is efficient, you may not necessary get penalised for late payment but why take the risk?