How long can a Shenzhen property mortgage loan last?

If it is a new house mortgage, the maximum loan period cannot exceed 30 years; if it is a second-hand house mortgage, it cannot exceed 20 years. When calculating the loan term, borrowers should determine the repayment term based on their repayment ability to avoid repayment pressure.

Everyone needs to pay attention to the fact that when applying for a house mortgage loan, the house provided by the borrower must meet the bank's mortgage loan requirements. If the borrower's house does not meet the bank's mortgage loan conditions, it cannot be applied for.

In addition, the borrower’s determination of the loan period when applying for a real estate mortgage loan is also related to the borrower’s personal qualifications. For example, the borrower’s personal credit is good, his personal assets are also in good condition, and his repayment ability is relatively good. Strong, loan customers like this are the best to apply for loans, and the loan amount obtained is also relatively high, not to mention the loan period.

Hope this helps.