Requirements for service life of commercial loans:
Related to the age of the house: generally it is the age of the house within 30 years; Calculation of the longest loan period: loan period+house age < 50 (different banks).
Borrower's age: generally up to 65 years old, and the longest loan period is calculated by loan period+borrower's age.
The longest loan period is not more than 30 years (the longest loan period for commercial housing is 10 year).
If the above three points are met at the same time, the shorter loan period shall prevail.
Term requirements for provident fund loans:
According to the age of the borrower: longest loan time: municipal provident fund loan: 70- older couple age; State-managed provident fund loans: 69- the age of elderly couples.
Calculated by the age of the house: the longest loan time: brick-concrete (mixed): 47- the age of the house; Concrete: 57 room age
The longest loan is 30 years.
After the above three calculations, the lowest is the final loan term.
The above is for reference only. Please consult the organizer and bank staff for details.