China Merchants Bank offers housing loan business for “first-hand properties” and “second-hand properties”. First-hand properties: The loan/credit period shall not exceed 30 years. Your loan period needs to be determined by the handling bank after submitting relevant information. Please contact the personal loan department of the local China Merchants Bank branch for consultation.

Second-hand properties: The maximum loan/credit period shall not exceed 30 years, and the age of the purchased property (referring to the year the property has been completed) generally shall not exceed 20 years. In principle, the loan term + the age of the mortgaged property shall be the longest. No more than 40 years old. The specific period you can apply for requires you to submit relevant information and will be determined by the handling bank after comprehensive review and approval.