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Personal Internet Banking(C)
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Personal Internet Banking(P)
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Personal Compound Housing Loan
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Personal Compound Housing Loan is a loan product offered to individual customers that combines a personal mortgage loan for (commodity) residential houses with a personal housing-fund loan.
A personal housing-fund loan is granted by a bank that serves as an agent for the local housing fund management institution to a borrower for purchasing a residential house(s). You shall own the proprietary for the property to be bought, which may be a first-hand house(s),second-hand house(s), and/or an economical house provided by the government.
For a better understanding of SPDB's relevant requirements and conditions, please click the mortgage loan.
(The following requirements are applicable to the housing-pension-fund loan.)
| |  You may go directly to a nearby SPDB branch and apply for a housing-fund loan once you conform to the following basics | | |
- You contribute to your own housing-fund account on a regular basis and meet the requirements raised by the local housing fund management institution for obtaining a loan.
- You have a fixed job and stable incomes.
- You are definitely intended to buy a residential house(s) or have signed the formal house-purchasing contract and paid at least 20% of the total price as down payment.
- You own the proprietary of the property to be bought.
- You are able to provide the type of guarantee required by the bank (including mortgage, pledge and/or warrantee).
You shall provide the following documents to the bank | | |
- Your personal housing-fund account number.
- A valid ID card and a certificate of permanent residence.
- Certificate of marital status.
- Certificate of personal income.
- Documents confirming the consumption action, such as the house-purchasing contract etc.
- Loan application form (available at any SPDB branch).
- Other documents required by the bank.
Loan Amount | | |
The maximum loan amount that you may get from such compound loan service will be equivalent to 80% of the total price of the property.
Loan Tenor | | |
Maximum 30 years.
Repayment | | |
A borrower shall repay the principal and interests accrued at the due date if the loan has a tenor within 1 year. For loans with a tenor over 1 year, a borrower may choose one of the repayment patterns as follows:
| | Principal and interest to be repaid every month | | Same principal and same interest repayment | total loan amount× monthly interest rate + total loan amount× monthly interest rate÷[（ 1＋monthly interest rate）total months number-1] | | Same principal repayment | Loan principal÷total months number+（loan principal- aggregate repaid amount）×monthly interest rate |
Loan Guarantee | | |
You shall provide one of the following three types of guarantees, e.g. mortgage, pledge and warrantee: - Mortgage(namely, to secure the mortgage loan with the borrower's proprietary property).
- Pledge (namely, to secure the mortgage loan with a Certificate of Term Deposits issued by SPDB or Treasury Bond sold by SDPB).
- Warrantee(namely, to provide a qualified third-party guarantee pursuant to the requirements of SPDB).
Interest Rate | | |
Interest Rate Annualized | | Personal mortgage loan for
(commodity) residential house(s)
| Personal housing-fund loan | | Tenor below 5 years (incl.5 years) | 4.77 % | 3.6% | | Tenor between 5-30 year ( incl.30 years) | 5.04 % | 4.05% |
For loans with a tenor below 1 year (incl.1 year), the interests shall be calculated at the fixed interest rate specified in the Loan Contract. Should any regulatory readjustment be made in the interest rates during the loan period, the interest rate for the loan in question shall not be adjusted. For loans with a tenor over 1 year, starting from the first due date in the next year, the interest rate shall be reset once a year, with the first due date each year being the specific day for such rate resetting. Starting from the first due date each year, the regulatory loan rates promulgated by the People's Bank of China on January 1st of the year shall apply. Should any disparity of interest rates occur during the period, the interests shall be calculated separately according to the different rates.
Procedure | | | | | | | | | | | |
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