I believe many people are still unfamiliar with Sino-German Housing Savings Bank. Literally, we can easily see that it is a bank related to housing. Generally, we all know about commercial housing loans and provident fund loans, while Sino-German housing savings loans are mainly a positive model of saving first and then lending.
1. Introduction of housing savings loan and expected annualized interest rate
The so-called housing savings loan is simply a loan that residents need to deposit with the bank in advance in order to obtain a bank loan. Judging from the services provided by China-Germany Housing Savings Bank in Tianjin and Chongqing, it mainly aims at 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 finance 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 according to different regions, lenders can also enjoy different government incentives, such as the expected annualized interest rate in Tianjin and the expected annualized interest rate in Chongqing 1%.
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 was subsequently allowed to conduct business nationwide. This means that once the bank officially settles in, Jinan people will probably enjoy a lower expected annualized mortgage interest rate.
For example, Zhou Xiao plans to buy a house within two years, with a total house payment of about 6,543,800 yuan. After signing a contract savings plan with the bank, he can deposit 500,000 yuan in one lump sum or a certain amount every month. When he has enough 500,000, that is, 50% of the contract amount, and meets the relevant evaluation conditions, he can apply for a 500,000 housing loan from the bank, and at the same time, he can take out the 500,000 that has been deposited for his own use.
2. Who is this loan model suitable for?
This model of saving first and lending later is beneficial to two types of buyers: first, the amount of provident fund loans applied for is insufficient; Second, you can't apply for provident fund loans. Helping low-and middle-income people save comprehensive housing costs is also the most obvious feature of housing savings business.
3. Limitations of housing savings loans.
However, this loan method also has its own limitations. For example, in terms of term, unlike the longest term of 30 years for the other two types of loans, the shortest term of housing savings loans is 2 years and the longest term is 16 years. For another example, this loan method is to deposit first and then lend. To apply for a loan, you need to sign a contract in advance and deposit first. Insiders suggest that housing savings, as a supplement to commercial mortgage and provident fund, can be combined with commercial mortgage or provident fund to make 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 buyers to buy a house: full payment, housing provident fund loan and commercial housing loan. It is reported that the 20 15 housing savings loan is expected to be popularized nationwide on the basis of pilot projects in Tianjin and Chongqing.
1. What is a housing savings loan?
Housing savings loan is a kind of bank loan, and it is a loan mode that buyers need to deposit in advance with the bank in order to obtain bank loans. It can solve the purchase problem of prospective buyers who have not participated in the provident fund or the balance of the provident fund is small, the amount of commercial loans is insufficient, but there are also a small amount of surplus funds.
At present, China residents are relatively unfamiliar with housing savings loans, but in Europe it has become an important means for ordinary people to improve their living conditions. For example, in Germany, about 1 of 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.
Second, the difference with other loan methods.
Compared with the other two loan methods, the housing savings loan is more public welfare and has the nature of contract savings, and the loan amount is determined more according to the depositor's housing demand and savings ability. 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 finance needs of residents.
This loan method is to deposit first and then lend. You need to sign a contract in advance and pay a deposit. Only after certain conditions are met can you apply for a loan. However, as a supplement to commercial mortgage and provident fund, housing savings can be combined with commercial mortgage or provident fund to make loans, which helps to avoid interest rate risks.
Third, the application conditions
This kind of loan also has its own characteristics. For example, in terms of term, unlike the longest term of 30 years for the other two types of loans, the shortest term of housing savings loans is 2 years and the longest term is 16 years. For another example, this loan method is to deposit first and then lend. To apply for a loan, you need to sign a contract in advance and deposit first. However, as a supplement to commercial mortgage and provident fund, housing savings can be combined with commercial mortgage or provident fund to make loans, which helps to avoid interest rate risks.
Four, the development of China's housing reserve loans.
Compared with other countries, China's housing savings loan started late and experienced a long exploration period. Since 1980s, China has been exploring and practicing the housing savings system. 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 business. 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 housing financing functions 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 2000. It was not until 2004 that China Construction Bank and Schwaetzer-Bihar Housing Savings Bank established Sino-German Bank and started the pilot project in Tianjin that a real housing savings bank appeared in China.
It is understood that at present, Sino-German Housing Savings Bank, which exclusively manages housing savings business in China, has been incorporated into the national multi-level housing policy system, and then allowed to conduct business nationwide.
(The above answers were published on 20 15-09-28. Please refer to the actual situation for the current purchase policy. )
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Can I repay the loans of CCB and Sino-German Housing Savings Bank in advance?
You can repay in advance, but you have to pay liquidated damages. The details are as follows:
1. If the mortgage is repaid less than three years in advance, there will be a penalty interest.
2. If the loan is less than 1 year, the mortgage penalty is 3% of the prepayment amount;
3. 1-2 years mortgage repayment penalty is 2% of the prepayment amount;
4. If the mortgage has been repaid for 2-3 years and repaid in advance, the liquidated damages shall be paid at 1% of the prepayment amount.
Housing savings loan refers to a kind of loan on the premise that property buyers deposit money in advance in order to obtain bank loans. It is a kind of contractual housing savings to solve the financial difficulties for those who have not participated in the provident fund or have obtained provident fund loans but still have a funding gap.
Housing savings loans are characterized by:
First of all, housing savings have a clear purpose and are quite mandatory. The purpose of housing savings can only be used for buying houses, and shall not be used for other purposes; There are certain restrictions on the amount and duration of savings, unlike ordinary savings, which can freely deposit (deposit) and withdraw money;
Secondly, the housing savings time is longer, which is determined by the nature of long-term housing investment;
Finally, the stability of housing savings is good. Once the savings rate is determined, it will no longer be affected by interest rate fluctuations and capital supply and demand.
Compared with housing mortgage loan, housing savings loan has the following advantages:
(1) The interest rate is very low. This can effectively reduce the economic burden of property buyers, which is a very economical choice for low-and middle-income groups.
(2) The interest rate is fixed. For borrowers, this can effectively avoid future interest rate risks 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, which is a combination of "self-help" and "other rescue" (similar to provident fund loan in this respect), so it can restrain non-self-use consumer investors from buying to some extent and prevent pure real estate speculation.
Whether participating in lump-sum deposit and withdrawal of housing savings or lump-sum deposit and withdrawal, the deposit reaches 1 1,000 yuan and the actual deposit expires 1 year, or the deposit reaches 20,000 yuan and the actual deposit expires for half a year, you are eligible to apply for housing loans.
If the spouse or the same family member 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 money saved in the bank. Urban and rural residents deposit temporarily unused or surplus monetary income into the deposit activities of banks or other financial institutions. Also known as savings deposit. Savings deposits are an important source of funds for credit institutions.
Savings deposits are an important source of funds for credit institutions. To a certain 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 general concept of savings in western economics is that savings are the unused part of monetary income. Taking individuals as the investigation unit, the actual savings of individuals (actually referring to the nominal amount divided by the price level, the same below) are manifested as the increase of personal actual financial assets and the increase of physical assets.
Extended data:
The role of savings:
① As a source of credit funds. By collecting less, changing 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 monetary credit, it can delay the realization of part of purchasing power. Conducive to regulating currency circulation.
(3) It can guide consumption and help residents arrange their lives in a planned way.
Regarding the role of savings, there is a view in China's economic theory circle that savings, as a kind of deposits, only increase 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.