The maximum age is not more than 30 years old. Generally, the longest service life of ordinary credit loans is only 3 to 5 years, and the longest decoration loan does not exceed 10 years. When handling commercial housing loans, the longest service life shall not exceed 30 years, and the sum of the age at the time of borrowing and the loan period shall not exceed 70 years. Extended information: Bank loan refers to an economic behavior that individuals or enterprises lend funds to individuals or enterprises in need of funds at a certain interest rate according to the policies of the country where the bank is located, and return them within the agreed time limit. According to different classification standards, there are many types of bank loans. For example, according to the different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans; According to different repayment methods, it can be divided into demand loans, term loans and overdrafts; According to the purpose or object of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan. According to the loan scale, it can be divided into wholesale loans and retail loans; According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on. Short-term loans Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation. The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period. The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, according to the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. There is a penalty interest for overdue loans. The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.

2. Regarding the loan term, what is the longest loan term?

The maximum repayment period of 30 years should be calculated according to the individual's age, and the maximum loan period of each bank is different.