How about Sino-German housing savings loans? What's the difference between them and commercial loans and public loans?

I believe many people are still unfamiliar with Sino-German Housing Savings Bank. Literally, we can easily see that it is a housing-related bank. Generally, we all know commercial housing loans and provident fund loans, while Sino-German housing savings loans are mainly a positive model of deposit first and then loan.

1. Introduction of housing savings loan and expected annualized interest rate

Simply speaking, the so-called housing savings loan is a kind of loan that residents need to deposit with the bank in advance in order to obtain bank loans. From the business provided by China-Germany Housing Savings Bank in Tianjin and Chongqing, it mainly targets the people that the government needs to protect, the low-and middle-income people and the social sandwich class, and focuses on meeting the medium-and long-term housing financial needs of residents. Based on this, China's housing savings loan implements a constant expected annualized interest rate. In contrast, the expected annualized interest rate of commercial housing loans with a term of more than five years is not only that, but also lenders can enjoy different government incentives according to different regions. For example, in Tianjin, they can get a government incentive with an expected annualized interest rate of 1% in Chongqing.

Previously, the Housing Savings Bank was only piloted in Tianjin and Chongqing. It is reported that the bank has been incorporated into the national multi-level housing policy system, and then allowed to conduct business throughout the country. This means that once the bank is officially settled, people in Jinan will probably enjoy a lower expected annualized mortgage interest rate.

For example, Xiao Zhou plans to buy a house in two years, with a total house payment of about 1 million yuan. After signing a contractual savings plan with the bank, he can deposit 5, yuan at one time or a certain amount every month. When he has enough 5, yuan, that is, 5% of the contract amount, and meets the relevant evaluation conditions, he can apply to the bank for a house loan of 5, yuan, and at the same time, he can take out the 5, yuan that has been deposited for his own use.

2. Who is suitable for this loan model?

This deposit-before-loan model is good for two types of buyers: first, the amount of provident fund loans applied for is insufficient; Second, you cannot apply for provident fund loans. Helping low-and middle-income people to save comprehensive housing costs is also the most obvious feature of the housing savings business.

3. Limitations of housing savings loan

However, this loan method also has its own limitations. For example, in terms of term, different from the maximum term of 3 years for the other two types of loans, the minimum term of housing savings loans is 2 years and the longest is 16 years. For another example, this loan method is to deposit before lending, and it is necessary to sign a contract in advance and make a deposit before applying for a loan. The industry suggests that housing savings, as a supplement to commercial mortgages and provident funds, can be combined with commercial mortgages or provident funds for loans, which will help avoid the expected annualized interest rate risk.

what is a housing reserve loan?

At present, there are basically three payment methods for house buyers: full payment, housing provident fund loan and commercial housing loan. It is reported that housing savings loans are expected to be promoted nationwide on the basis of pilot projects in Tianjin and Chongqing in 215.

1. What is a housing savings loan?

Housing savings loan is a kind of loan from banks, and it is a loan mode that buyers need to deposit with banks in advance in order to obtain bank loans. It can solve the purchase problem of prospective buyers who have not participated in the provident fund or have a small balance of provident fund, and the amount of commercial loans is insufficient, but they also have a small amount of surplus funds.

At present, Chinese residents are still unfamiliar with housing savings loan, but it has become an important means for ordinary people to improve their living conditions in Europe. For example, in Germany, about one in every three adults has fulfilled the housing savings loan contract; 66% of Austrians are customers of housing savings loans; 45% of Czechs have housing savings contracts.

II. Differences from other loan methods

Compared with the other two loan methods, the housing savings loan is more public-spirited and has the nature of contract savings, and the loan amount is determined more according to the housing demand and savings ability of depositors. From the positioning point of view, it mainly faces the people that the government needs to protect, the low-and middle-income people and the social sandwich layer, and focuses on meeting the medium-and long-term housing financial needs of residents.

this loan method is to deposit before lending, and it is necessary to sign a contract in advance and make a deposit before applying for a loan. However, as a supplement to commercial mortgage and provident fund, housing savings can be combined with commercial mortgage or provident fund for loans, which helps to avoid interest rate risks.

Third, the application conditions

This loan method also has its own characteristics. For example, in terms of term, different from the maximum term of 3 years for the other two types of loans, the minimum term of housing savings loans is 2 years and the longest is 16 years. For another example, this loan method is to deposit before lending, and it is necessary to sign a contract in advance and make a deposit before applying for a loan. However, as a supplement to commercial mortgage and provident fund, housing savings can be combined with commercial mortgage or provident fund for loans, which helps to avoid interest rate risks.

iv. the development course of housing reserve loan in China

compared with other countries, China's housing savings loan started late and experienced a long exploration period. China has been exploring and practicing the housing savings system since 198s. In 1987, at the beginning of the housing system reform, the People's Bank of China approved the pilot operation of urban housing savings banks in Yantai, Shandong Province and Bengbu, Anhui Province, specializing in housing fund raising, housing credit and settlement. However, because the housing savings bank is a commercial bank or a policy bank, there is no clear positioning, so when the housing provident fund system appears, immature housing savings will be replaced. The basic functions of housing financing of these two banks were handed over to the local housing provident fund management center, and they began to turn to the development path of commercial banks around 2. It was not until 24 that China Construction Bank and Schweitzer-Bihar Housing Savings Bank established Sino-German Bank and started a pilot project in Tianjin that a real housing savings bank appeared in China.

It is understood that at present, the Sino-German Housing Savings Bank, which exclusively operates the housing savings business in China, has been incorporated into the national multi-level housing policy system, and has been allowed to conduct business throughout the country.

(The above answer was issued on September 28, 215, and the current relevant housing purchase policy should be based on the actual situation)

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Can I repay the loan in advance with the Sino-German Housing Savings Bank of China Construction Bank

I can repay the loan in advance, but I have to pay the liquidated damages. The specific details are as follows:

1. Any prepayment of the mortgage for less than three years must pay the liquidated damages.

2. If the loan is less than one year, the mortgage penalty is 3% of the prepayment amount;

3, 1-2 years mortgage penalty is 2% of the prepayment amount;

4. If the mortgage has been repaid for 2-3 years, if it is to be repaid in advance, a penalty of 1% of the prepayment amount will be paid.

Housing savings loan refers to a kind of loan on the premise that buyers deposit money from banks in advance to obtain bank loans. It is a contractual housing savings for those who have not participated in the provident fund, or who have obtained provident fund loans but still have a funding gap to solve the financial difficulties.

The characteristics of housing savings loans are:

First, housing savings have a clear purpose and are quite mandatory. The purpose of housing savings can only be used for buying houses, not for other purposes; The quantity and duration of savings are restricted to a certain extent, unlike ordinary savings, which can be free to deposit (quantity) and withdraw money;

Secondly, the housing savings time is long, which is determined by the nature of long-term housing investment;

Finally, housing savings are stable, and once the savings rate is determined, it will no longer be affected by interest rate fluctuations and capital supply and demand.

Compared with residential mortgage loans, housing savings loans have the following advantages:

(1) The interest rate is very low. This can effectively reduce the economic burden of property buyers, and it is a very economical choice for low-and middle-income groups.

(2) the interest rate is fixed. For borrowers, this can effectively avoid the future interest rate risk, and is conducive to the early planning of household consumption funds.

(3) prevent "real estate speculation". Because it implements deposit first and then loan, there is a certain time difference between deposit and loan, and it is a combination of "self-help" and "other help" (similar to provident fund loan in this respect), so it can restrain non-self-use consumer investors from buying to a certain extent and prevent speculative behavior of pure real estate speculation.

whether you participate in lump-sum deposit and withdrawal of housing savings or lump-sum deposit and withdrawal, you will be eligible to apply for housing loans if the deposit reaches 1, yuan, and the actual deposit expires for one year, or the deposit reaches 2, yuan, and the actual deposit expires for half a year.

If the spouse of the property buyer or a member living in the same household also has housing savings deposits, they can be calculated together, so that the time for obtaining loans will be shortened and the loan amount will be expanded accordingly.

What does a savings loan mean?

Savings refers to the economic activity that each person or family deposits the saved money in the bank. A deposit activity in which urban and rural residents deposit temporarily unused or surplus monetary income into banks or other financial institutions. Also known as savings deposit. Savings deposit is an important source of funds for credit institutions.

savings deposits are an important source of funds for credit institutions. To some extent, the development of savings business can promote the adjustment of the proportion and structure of the national economy, gather funds for economic construction, stabilize market prices, regulate currency circulation, guide consumption, and help people arrange their lives.

Different from China, the common concept of savings in western economics is that savings are the part of monetary income that has not been used for consumption. If individuals are taken as the unit of investigation, the actual savings of individuals (actually referring to the nominal amount divided by the price level, the same below) are represented by the increase of personal actual financial assets and the increase of physical assets.

Extended information:

Function of savings:

① As a source of credit funds. By gathering less and turning consumption into accumulation, it is used to increase production and construction funds; To a certain extent, it can promote the adjustment of the proportion and structure of the national economy, accelerate the process of social reproduction and expand the scale.

② As a means of withdrawing money, it can delay the realization of some purchasing power. Conducive to regulating currency circulation.

③ It can guide consumption and help residents to arrange their lives in a planned way.

On the role of savings, there is a view in the economic theory circle in China that savings, as a kind of deposit, only increases the amount of money in circulation, without changing the source of credit funds, while loans are equal to deposits plus money in circulation (issuing money). Therefore, savings have no function of accumulating construction funds in essence.