Housing loan requirements
1. The lender has stable professional and economic income, good credit and the ability to repay the principal and interest of the loan.
2. The town where the house purchased by the Lender is located (including urban area, county town and big market town) shall, in principle, be the Lender's current residence or the place where he works and operates.
3. The lender has signed a commercial housing sales contract, and paid the down payment of the house stipulated by the bank according to his personal credit situation, and paid at least 30% of the purchase price.
4. The Lender agrees to go through the mortgage registration procedures for pre-purchased commercial housing first, and promises to go through the mortgage registration procedures again with the house and residence it purchased as the mortgage before the completion of the purchased commercial housing and after obtaining the real estate license.
5. The loan amount is determined according to the lender's credit status, occupation, education, repayment ability and the liquidity of the purchased house.
Age limit for housing loans
According to the regulations of banks on personal loans, borrowers must first have full capacity for civil conduct. In China, the age limit for housing loans is 18 years old or above, but in practice, it may be over 20 years old, in which men cannot exceed 60 years old and women cannot exceed 55 years old. Banks may have different regulations.
Property buyers pay provident fund loans on time and meet the conditions of provident fund loans. According to the regulations, the longest term of provident fund loans does not exceed 5 years after the borrower retires. For example, when a man retires at the age of 60, he can only lend to the borrower at the age of 65 at the longest; Women retire at the age of 55, and the longest loan period can only be until the borrower is 60 years old. However, commercial loans are different, and each bank has different requirements for the age limit of lenders, which may change and adjust with the bank's quota; In most cases, it will be slightly shorter than the life of the provident fund lender.
In second-hand loans, banks generally limit the age of second-hand houses and the age of borrowers. For example, the borrower must not be over 65 years old. Banks have different age requirements for borrowers, and banks require male borrowers to be no older than 65.