The loan term of individual commercial housing shall meet the following conditions:

1. The longest term of personal commercial housing loan is 10 year. Where there are stricter provisions in relevant laws, regulations, regulatory provisions or national policies, those provisions shall prevail;

2 individual commercial housing loan period shall not exceed the remaining use period of construction land occupied by collateral;

3. Personal second-hand commercial housing, the sum of the loan period and the age of the house shall not exceed 30 years in principle (including office space not exceeding 20 years);

4. The sum of the loan term and the borrower's age shall not exceed 65 years old in principle, and the middle and high-end customers who meet the requirements of BOC may be extended to 70 years old. Due to differences in business in individual regions, please consult local outlets for details.

The above contents are for your reference. Please refer to the actual business regulations.

Provisions on the term of commercial loans

1, the question of how many years of commercial loans are appropriate cannot be generalized, but should be discussed according to the different income and economic situation of buyers. Generally speaking, the longer the loan term, the less the monthly repayment amount; The shorter the loan period, the higher the monthly repayment amount, and the longest loan period is 30 years.

2. Commercial loans If the lender's income is stable and relatively high, it is suitable to choose short-term loans. The shorter the time, the less interest. For people whose high income is only for temporary turnover, this can save a lot of mortgage interest. For people with unstable income or low income, it is more cost-effective to lengthen the life span considering their own income problems. Although the choice of mortgage period is closely related to the economic strength of buyers, in the eyes of experts, there are different mysteries.

3. Judging from the current interest rate of commercial loans, under normal circumstances, it is generally recommended that buyers choose the repayment period of 15-20 years, so that the total interest paid is relatively reasonable.

How many years can commercial loans last?

The longest commercial loan is 30 years, depending on the age of the house and the age of the lender. The long-term interest rate of the loan is greater than the short-term interest rate of the loan.

How many years of commercial loans are based on your total purchase price and the age income of the buyers. Generally speaking, the first suite is up to 70% of the total loan price, and the second suite is up to 40%. According to the age of the borrower, the general age plus the loan period does not exceed 65 to 70. Generally, when you are 60-65 years old, you can't apply for a commercial loan. Generally, you can borrow up to 65,438+00 years after a five-year delay, but the exact amount you borrow depends on the bank's age and bank policy. Generally speaking, the first suite is up to 70% of the total loan price, and the second suite is up to 40%. According to the age of the borrower, the general age plus the loan period does not exceed 65 to 70.

According to the latest regulations of the People's Bank of China, the maximum loan amount shall not exceed 80% of the total house price or the appraised value of the house purchased. However, in the actual operation process, each project will be different due to the economic strength of the developer, the construction situation of the project and the personal economic situation. In order to attract customers, the bank extended the loan period to 30 years. As long as the loan term and fixed number of years add up to no more than 70 years, that is, people under 40 can generally apply for a 30-year loan. For those who are well-funded and willing to invest, long-term loans are more favorable. You can borrow long-term funds and make short-term investments abroad at the same time, with a return sufficient to repay long-term loans and a surplus.

What are the steps to apply for a commercial loan?

First, check your credit history before buying a house with a loan. Banks usually refuse to lend money to people with bad credit records.

2. Pay the down payment and sign the commercial housing sales contract.

Third, provide relevant information, go to the bank to sign a loan contract, and open an account in the loan bank for repayment.

Four, after the information is complete, the bank review the loan contract, determine the amount of loans, loans.

5. After the loan is issued, the bank will notify the payer by SMS, and the repayment person will deposit the mortgage into the repayment card of the bank regularly.

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How many years is it cost-effective to buy a house with commercial loans and general loans?

I think it depends on my ability, because the shorter the loan period, the more cost-effective. If you find it difficult to repay, it is recommended to be within 20 years.

Commercial loans are definitely the shorter the loan time, the more cost-effective. The longer the loan time, the higher the loan interest rate, because the loan interest rate will rise with the passage of the loan time. The longer the loan time, the higher the interest you need to pay to the bank.

However, the repayment period depends on your personal financial ability. If you can't repay the loan on time in the future, you need to pay an extra fine and may go bankrupt. At that time, you will become a faithless person, and you can't apply for a loan in the future.

If you find it difficult to repay, it is recommended that it is more appropriate within 20 years.

How many years can commercial loans last?

Commercial loans can be loaned for up to 30 years. When qualified, commercial loans can be converted into provident fund loans to reduce interest expenses. The process of transferring commercial loans to provident fund loans: Step 1: Consult the applicants who accept loans from the original commercial loan bank. Meet the conditions of lending, bank staff should guide the borrower to fill in the personal housing provident fund lending folder correctly and completely. The second step is to submit the information 1, the original and copy of the ID card, household registration book and marriage certificate of the borrower and spouse (if the borrower is single, the civil affairs department will issue the single certificate); 2. The original and photocopy of the house ownership certificate and state-owned land use certificate of the house purchased by the original commercial loan; 3. The original loan mortgage contract of the house purchased by the original commercial loan and a copy of the commodity (economic) house sales contract or the stock house sales contract; 4. The "Housing Appraisal Report" issued by the housing appraisal agency recognized by the management center (second-hand housing business loans are converted into provident fund loans); 5. The property right of the house is notarized by someone who agrees to mortgage; 6. Other certification materials required by the management center and the entrusted bank. Step 3 loan acceptance 1. The entrusted bank interviews the loan applicant and examines the application materials submitted by it; 2. Query and print the personal credit report of the borrower and spouse, and review the personal credit status and mortgage situation of both husband and wife; 3. The entrusted bank conducts "family housing information inquiry" for the loan applicant through the real estate department; 4. For eligible borrowers, the entrusted bank conducts a preliminary examination before lending in the provident fund system, and determines the loan amount, term, interest rate and repayment method through consultation with the borrowers according to the preliminary examination results and repayment ability; 5. The entrusted bank conducts preliminary examination in the provident fund system. If the preliminary examination fails, the borrower shall be notified in time and the reasons shall be informed. Step 4, sign a loan (mortgage) contract with the original commercial loan bank, and sign a guarantee contract with the guarantee company designated by the management center under the guidance of the bank. Step 5, deposit the difference between the original commercial loan balance and the re-loan balance into the deposit account opened by the re-lending bank with the applicant's own funds, and settle the original commercial loan in advance. Step 6: The loan issuance management center issues loan funds, and the loan bank informs the loan borrower to settle the original commercial loan with the provident fund loan funds and the borrower's pre-existing funds. The seventh step is to apply for a mortgage. The guarantee company will handle the cancellation procedures of the original commercial loan mortgage on its behalf, and complete the registration procedures such as mortgage transfer of provident fund loans (this procedure will be handled by the guarantee company).

How many years can commercial loans last?

The loan period that a commercial loan can handle is related to the housing and the age of the borrower. The longest loan period of a first-hand house cannot exceed 30 years, the longest loan period of a second-hand house cannot exceed 15 years, and the sum of the borrower's age and loan period cannot be greater than the statutory retirement age.

How much can I borrow from a commercial loan to buy a house? 1. Applying for a commercial bank loan, affected by the down payment ratio of the loan, usually cannot exceed the difference between the total house price and the down payment. The down payment ratio will be adjusted according to the property market. Restricted cities and non-restricted cities will be different, and different banks in the same area may be different. It is recommended that buyers fully understand the bank mortgage policy of the place where they buy the house and choose a suitable bank to apply for a loan.

2. In fact, the repayment ability of commercial loans mainly refers to the monthly income of the lender, because the monthly income directly reflects the repayment ability of the borrower. The relationship between loan amount and monthly income can refer to the following formula: monthly income ≥ monthly mortgage payment X2.

3. When the bank issues commercial loans, it will review the age of the loan house. It usually takes 20-25 years, 30 years for loose ones and only 15 or 10 years for strict ones. For older second-hand housing loans may be reduced, it can be said that the shorter the house age, the easier it is to get loans, and the loan amount is greater than the house age.