The loan period of individual housing provident fund is 1-30 years, and the longest period shall not exceed the borrower's legal retirement age. On the basis of considering their repayment ability, employees approaching retirement age can appropriately relax the loan period 1-3 years. The interest rate of individual housing provident fund loans shall be implemented by the Housing System Reform Commission in accordance with the relevant provisions of the People's Bank of China.

Factors affecting the loan life of provident fund

1. Lender's repayment ability affects the loan period: When granting loans, the bank will review the borrower's income to ensure that the borrower's monthly income is enough to repay the monthly mortgage repayment, and the monthly payment generally cannot exceed 50% of the income.

2. The age of the lender will also affect the loan term: when applying for a mortgage, the age of the borrower is an important auditing factor. Generally speaking, as long as the borrower reaches the age of 18, he can apply for personal housing loan, requiring that the borrower's age plus the loan period should not exceed 70, otherwise it will not be accepted. Therefore, the younger the borrower, the longer the loan period he can apply for. If you are over 40 years old, the longest loan period can only be less than 29 years.

3. The purchased house is too old for the longest loan period: the age of the house is also an important factor for the bank to determine the loan period, especially for the purchase of second-hand houses. The bank will comprehensively calculate the loan period according to the remaining ownership time of the house. If the house is too old, it may not be available for the longest period.

Factors affecting provident fund loans

1. Deposit time: The borrower must deposit the provident fund continuously and normally for more than six months (twelve months is required in some cities). If the deposit time is not up to standard, it will definitely affect the success of the approval of provident fund loans.

2. Personal credit investigation: If the borrower's loan record and credit card record are overdue for more than three consecutive times or accumulated for more than six times, you cannot apply for provident fund loans.

3. Income: If the borrower has no stable income, or the fixed income is too low to meet the loan application criteria, it will still be rejected.

4. Liabilities: The average borrower's liabilities cannot exceed 50% of his monthly income, which will affect the loan approval, because high liabilities will make the borrower unable to repay.