Sino-German Bausparkasse Co.，Ltd.

Sino German Housing Savings Bank Co., Ltd

Sino German Housing Savings Bank Co., Ltd., established in 2004, is a commercial bank specialized in housing credit business, which is a limited liability company of main business.

Company profile

Sino German Housing Savings Bank Co., Ltd. (Sino German Housing Savings Bank), established in February 2004, is the only domestic commercial bank specializing in housing credit business. Currently, the registered capital of Sino German Housing Savings Bank is 1 billion yuan, which is jointly funded by China Construction Bank and German schwerbhouse housing savings bank in Tianjin, with the shareholding ratio of 75.1% and 24.9% respectively. In 2008, China Germany housing savings bank was approved to expand its business scope. On the basis of the original housing savings business, China Germany housing savings bank has set up commercial banking businesses such as personal housing loans, development loans mainly supporting the development and construction of affordable housing, low rent housing, economic rental housing and price limited housing, which can provide comprehensive and professional housing financial services for house buyers and real estate development enterprises . According to the business scope approved by the CBRC, the Sino German Housing Savings Bank will also gradually open the business of absorbing public deposits, issuing financial bonds, acting as an agent for issuing, cashing and underwriting government bonds, acting as an agent for collection and payment, acting as an agent for sales of funds, acting as an agent for insurance and domestic and foreign settlement.

Business and products

Housing savings business

the housing savings business provided by Sino German Housing Savings Bank is another personal housing financial product after mortgage and provident fund loan introduced from Germany, which provides a new housing financing method for residents. It can reduce and lock down the financing cost of future house purchase by guiding consumers to make regular deposits in a planned way, reduce the pressure of repayment, and guide rational consumption mode of house purchase. The product features are summarized as "deposit before loan, low deposit and low loan, fixed interest rate and government reward". After the personal housing loan business was launched in 2008, through the effective integration of housing savings business and personal mortgage business, the product function of housing savings can be more effectively brought into play to better meet the purchase financing needs of the majority of financial consumers.

Personal security housing loan

including personal affordable housing loans, personal price limited commercial housing loans and personal small and medium-sized commercial housing loans. Personal security housing loan customers can enjoy up to 5 years of financial subsidies and 0.5% discount, the minimum equivalent to 60% of the central bank's benchmark interest rate, and the maximum loan amount is 80%, the maximum loan term can be up to 30 years, and can enjoy the green channel of security housing financial services and the whole housekeeper style co-operation service.

Personal ordinary commodity housing loan

it can be flexibly combined with the housing savings loan, and through the housing credit mode of "interest saving loan", it can design the scheme of returning the mortgage loan and depositing the housing savings deposit for the customer combination, so as to help them arrange the funds reasonably. After the customer's Housing Savings Contract meets the loan allocation conditions, the fixed low interest rate housing savings loan can be used to replace the mortgage loan in the Sino German Housing Savings Bank To achieve the purpose of locking interest rate risk and reducing interest burden for customers.

Affordable housing development loan

including limited price commercial housing development loans, affordable housing development loans, low rent housing development loans and rental affordable housing development loans, which can enjoy the preferential policies of government financial subsidies.