In China, housing accumulation fund has become an important tool for many families to buy houses. In the magic capital of Shanghai, many people pay special attention to the loan period of provident fund to plan their own loan plans. Today, I would like to introduce the loan life of Shanghai Provident Fund for your reference.
Judging from the regulations published by Shanghai Provident Fund Management Center, the term of new house loan is relatively fixed, while the term of second-hand house loan is more complicated. Details are as follows:
1. The maximum term of provident fund loan for purchasing new houses shall not exceed 30 years.
2, the purchase of second-hand housing is divided into three situations:
(1) If the age of the second-hand house is less than 5 years, the longest loan period of the provident fund shall not exceed 30 years;
(2) The age of the second-hand house is between 6- 19, and the loan period of the provident fund does not exceed the difference between 35 years and the age of the house;
(3) The age of the second-hand house is equal to or more than 20 years, and the longest provident fund loan shall not exceed 15 years.
In addition, it should be noted that regardless of the purchase of new commercial housing or second-hand housing, the term of provident fund loans cannot exceed 5 years after the borrower's statutory retirement age.
The above is the stipulation of Shanghai Provident Fund Management Center on the loan term. You can simply estimate how many years you can apply for a loan according to your actual situation.
Which banks in Shanghai can lend money to a 60-year-old house?
Bank of China and Industrial and Commercial Bank of China. Houses over 40 years old can be divided into two categories according to the classification of mortgage loans, one is with bronze medal, and the other is without bronze medal.
1, houses with bronze medals generally refer to historical buildings that can reflect the style of Shanghai and have no land use years. Many banks can apply for mortgage loans to buy such properties, and a large number of Chinese and foreign banks, such as China Bank, China Construction Bank, China Everbright and Dahua, can accept them. The first set generally does not exceed 60%, and the loan period generally does not exceed 20 years.
2. If you don't hang the bronze medal, there are few banks that can handle the mortgage, and generally only ICBC and CCB are recommended to accept it. Among them, ICBC implemented a loan policy with a maximum loan period of 70 years. In principle, houses within 69 years can be held. But in practice, there are great differences between branches. Some ICBC branches and loan officers have only worked for less than 40 years, and mortgages for more than 40 years generally have many requirements for school districts, amounts and qualifications of borrowers.
How long is the loan period of Shanghai provident fund?
1. Under normal circumstances, the first suite can apply for a provident fund loan for up to 30 years.
2. The provisions on second-hand housing provident fund loans are relatively strict, and the longest loan period of second-hand housing provident fund loans with a house age of 5 years or less is still 30 years.
3. The second-hand housing provident fund loan with the age of 6 to 19, the longest term is the difference between 35 years and the age of the house; The second-hand housing provident fund loan with a house age of more than 20 years, the longest loan period shall not exceed 15 years.