Legal analysis: Family income, monthly payment, lender's age, early repayment plan and other factors should be considered when choosing the loan term, and the longest loan term selected by the parties should not exceed 20 years. The specific loan term can be determined by both parties through consultation with banks and other lending institutions.

Legal basis: Article 12 of the Measures for the Administration of Individual Housing Loans of Industrial and Commercial Bank of China stipulates that the maximum loan period shall not exceed 20 years.

Article 13 The interest rate of individual housing loans issued by credit funds shall be lowered (excluding floating) according to the legal loan interest rate. That is, if the loan term is less than 1 year (including 1 year), the legal loan interest rate of less than half a year (including half a year) shall be implemented; If the term is 1 to 3 years (including 3 years), the legal loan interest rate of 6 months to 1 year (including 1 year) shall be implemented; If the term is 3 to 5 years (including 5 years), the legal loan interest rate 1 to 3 years (including 3 years) shall be implemented; If the term is 5 to 10 years (including 10 years), the legal loan interest rate shall be implemented for 3 to 5 years (including 5 years); If the term is more than 10 year, it will rise appropriately on the basis of the legal loan interest rate of 3 to 5 years (including 5 years), and the maximum floating rate will not exceed 5%.