Term of first-hand property loan: the longest term of first-hand property loan/credit line shall not exceed 30 years, and the lender's house age plus loan period shall not exceed 70 years.
The specific loan term you apply for needs to be determined by the handling bank after comprehensive examination and approval according to the relevant information provided by you; I suggest you contact the local personal loan account manager for consultation.
Second-hand housing loan period: the second-hand housing loan period or credit period shall not exceed 30 years at the longest, and the specific period shall be determined by the comprehensive examination and approval of the handling bank.
The age of the house (referring to the completion period of the property) is generally not more than 30 years, and the loan term plus the age of the mortgaged property is not more than 40 years in principle. Moreover, the age of the lender plus the loan period shall not exceed 70 years old.
(Reply time: 202111,please refer to the latest business changes announced by China Merchants Bank in official website).
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