Many people are puzzled to ask what this means. To put it simply, if you are 40 years old, you can borrow money to buy a house. According to the previous regulations, you can borrow for up to 30 years, that is, you can repay the loan up to 70 years old. The current saying is: at the age of 45, you can still borrow for 30 years, and you can repay the loan at most until you are 75 years old.
What are the benefits of these five years? What does it have to do with me? In fact, the relationship is really big. Let me talk about the previous loan implementation policy. The bank's loan interest rate is determined according to the loan period. Generally speaking, half a year-1 year 4.35, 1-5 years 4.9, 5-30 years 4.75. In other words, as long as you borrow for more than 5 years, your loan interest rate is the same. In the case of increasing inflation, of course, the longer the loan time, the cheaper it is.
The bank stipulates that the longest loan period is 30 years, but many owners can't borrow for so many years because of their age. For customers under the age of 35, banks mostly adopt: customer age+loan period ≦65 years to ensure the safety of loan funds.
In addition, for some high-quality customers (over 35 years old), loans can be used: customer age+loan period ≦70 years.
In order to ensure the safety of loan funds, ordinary banks only allow customers to borrow for 20 years. This objectively increases the pressure of customers' monthly supply, and at the same time, inflation is serious, money is becoming less and less valuable, and customers' interests are losing to some extent.
Draw a dot! According to the previous lender's age from 18 to 70, if the buyer is 45 years old, he can only borrow for 25 years in the past, but now he can borrow for 30 years.
For some older buyers, even if you are 55 years old, you can buy a house with a 20-year loan term that is the easiest to pass the trial. Relieved the problems of high monthly pressure and high down payment ratio.
The maximum loan period is still 30 years, which has not been raised to 35 years, but the age of the lender can be raised by 5 years. Especially in some cities with restricted purchases, owners who want to buy a house in the name of their parents can use this trick.
Although this is only issued internally by ICBC, due to the demonstration effect of ICBC, I think other banks will implement it one after another.
With the increase of the loan age and the recent interest rate cut by the central bank RRR, the price trend of 20 18 is worth pondering.