1 year. The loan term of mortgage is generally 1 to 30 years, and you can choose it at will under the premise of meeting the conditions of the bank, with a minimum of 1 year and a maximum of 30 years. However, few people will only borrow 1 year.
Moreover, because the loan time is too short and the bank's income is low, it may not be approved. Generally, if it is short, you can choose five years, and the regulations of each bank are different.
Housing loan is any form of housing loan support provided by banks and other financial institutions to buyers, usually with the purchased house as collateral. According to the source of loan funds, it is divided into provident fund loans and commercial loans. According to the repayment method, it can be divided into two types: equal principal and interest repayment method and average capital repayment method. The housing loan interest rate is based on the benchmark interest rate of banks in the same period, and the loan interest rates of different banks have slightly increased.
The types of housing loans provided by banks mainly include enterprises and individuals. Personal housing loans can be divided into personal housing provident fund loans and personal housing commercial loans, entrusted loans, self-operated loans and portfolio loans.
Personal housing provident fund loan is a loan that employees who pay housing provident fund units to the fund management center on time in a specified period, buy or build their own houses (including second-hand houses) in this city, use their own property houses as collateral, and apply to the fund management center for guarantee by a legal person with guarantee ability. Loans can be issued by banks entrusted by the fund management center.
Personal housing loan refers to the loan issued by the borrower to the bank with the purchased house as collateral, including forward mortgage loan and existing home mortgage loan. Among them: the auction house refers to the house under construction or the house that has been completed and accepted and is in the process of handling the real estate license; Xianfang refers to the house that has been completed and accepted and obtained the property right certificate. The maximum amount of personal housing loans issued by banks is 80% of the purchase amount.
Personal second-hand housing loans refer to loans issued by banks to borrowers for the purchase of second-hand housing. Among them, second-hand housing refers to the housing that has obtained all property rights and can enter the secondary market of real estate for circulation and trading. The age of applying for a loan for a second-hand house is generally not more than 15 years; The sum of the loan term and the house age is generally not more than 25 years.
Personal housing renovation loans refer to loans issued by banks to borrowers for renovating their own houses. The maximum proportion shall not exceed 50%, and the loan period shall not exceed 5 years.
Personal housing consumption loans refer to loans issued by banks to borrowers for family expenses. The maximum proportion shall not exceed 50% of the assessed value of the collateral, and the longest loan period shall not exceed 10 year.
Personal commercial housing loans refer to loans issued by banks to borrowers for purchasing personal self-operated commercial housing and self-occupied office housing. The purchased commercial house shall be an existing house, with the highest proportion not exceeding 60% and the longest loan period not exceeding 10 year.
Personal housing portfolio loan refers to a loan composed of housing provident fund loan and housing guarantee loan, that is, when an individual applying for housing provident fund loan is insufficient to pay the purchase price, the insufficient part applies to the bank for commercial housing loan. The two loans bear interest according to the provident fund loan interest rate and the commercial loan interest rate respectively, and the loan term is the same. Borrowers can apply for portfolio loans from banks that accept provident fund loans.
What is the longest loan period for buying a house? How long can I keep it?
The term of the house purchase loan shall not exceed 20 years at the longest. Article 10 of the Measures for the Administration of Individual Housing Loans stipulates that the lender shall reasonably determine the loan term according to the actual situation, but the longest term shall not exceed 20 years. Article 11 stipulates that the borrower shall make a repayment plan with the lending bank. If the loan term is within 65,438+0 years (including 65,438+0 years), the principal and interest will be repaid at maturity, and the interest will be paid off with the principal. If the loan term exceeds 1 year, the principal and interest of the loan shall be repaid monthly.
How many years can I buy a house with a loan?
At present, China Merchants Bank provides first-hand and second-hand housing loans, and the corresponding loan terms are as follows:
Term of the first-hand property loan: the maximum term of the first-hand property loan/credit line shall not exceed 30 years, and the age of the lender plus the loan term shall not exceed 70 years.
The specific loan term you apply for needs to be determined by the handling bank after comprehensive examination and approval according to the relevant information provided by you; I suggest you contact your local personal loan account manager for consultation.
Second-hand housing loan term: the second-hand housing loan term or credit period shall not exceed 30 years at the longest, and the specific term shall be determined by the comprehensive examination and approval of the handling bank.
The age of the house (referring to the completion period of the property) is generally not more than 30 years, and the loan term plus the age of the mortgaged property is not more than 40 years in principle. Moreover, the age of the lender plus the loan period shall not exceed 70 years old.