The longest loan period of commercial loans is 30 years, and the longest loan period of provident fund loans is also 30 years. If you want to borrow for 30 years, there are requirements not only for the age of the lender, but also for the age of the property. Generally speaking, users want to apply for a 30-year commercial loan, so the younger the better.
In addition, different houses have different property rights, and some properties do not support applying for a 30-year loan. Users need to know the nature of the property when applying for a loan.
How many teenagers have the longest commercial loan term? It is related to these factors!
Commercial loan is a kind of loan that users want to buy commercial housing and apply to the bank. This kind of mortgage is very common now. Many developers do not support provident fund loans and will require users to apply for commercial loans. So how many teenagers have the longest commercial loan term? Let's get to know each other.
1. How many teenagers have the longest commercial loan term?
Generally speaking, it is thirty years.
The longest loan period for commercial housing is 30 years.
The longest loan period for private property transfer houses and auction houses is 20 years.
Second, how to determine the term of commercial loans?
The term of commercial loans is related to the age, housing age and income of the buyers.
1, age
Generally, the age limit cannot exceed 65, so the older you are, the shorter the loan period will be. Suppose Xiao Wang is 37 years old and wants to buy an old house through a commercial loan, then he can only borrow for 28 years at the longest.
2. Room age
New houses and second-hand houses can get different terms. The shorter the house age, the longer the loan period, and the regulations of each bank are slightly different. Some banks will not approve commercial loans when buying houses over 30 years old.
Reminder: Look at the real estate license and the registration center to check the age of the house.
3. Income
The longer the mortgage term is delayed, the higher the total interest will be. When applying for commercial loans, buyers need to provide a series of application materials. The bank will advise you to choose the appropriate commercial loan term according to your income and liabilities.
In short, commercial loans are favored by the majority of property buyers because of their high quota, low threshold and quick repayment. I suggest that you communicate with the bank more when choosing the loan term. Don't set the term too short, which will cause repayment pressure. If it is too long, it will also affect the quality of life.
How many years can commercial loans last?
Commercial loans can be loaned for up to 30 years. When qualified, commercial loans can be converted into provident fund loans to reduce interest expenses. The process of transferring commercial loans to provident fund loans: Step 1: Consult the applicants who accept loans from the original commercial loan bank. Meet the conditions of lending, bank staff should guide the borrower to fill in the personal housing provident fund lending folder correctly and completely. The second step is to submit the information 1, the original and copy of the ID card, household registration book and marriage certificate of the borrower and spouse (if the borrower is single, the civil affairs department will issue the single certificate); 2. The original and photocopy of the house ownership certificate and state-owned land use certificate of the house purchased by the original commercial loan; 3. The original loan mortgage contract of the house purchased by the original commercial loan and a copy of the commodity (economic) house sales contract or the stock house sales contract; 4. The "Housing Appraisal Report" issued by the housing appraisal agency recognized by the management center (second-hand housing business loans are converted into provident fund loans); 5. The property right of the house is notarized by someone who agrees to mortgage; 6. Other certification materials required by the management center and the entrusted bank. Step 3 loan acceptance 1. The entrusted bank interviews the loan applicant and examines the application materials submitted by it; 2. Query and print the personal credit report of the borrower and spouse, and review the personal credit status and mortgage situation of both husband and wife; 3. The entrusted bank conducts "family housing information inquiry" for the loan applicant through the real estate department; 4. For eligible borrowers, the entrusted bank conducts a preliminary examination before lending in the provident fund system, and determines the loan amount, term, interest rate and repayment method through consultation with the borrowers according to the preliminary examination results and repayment ability; 5. The entrusted bank conducts preliminary examination in the provident fund system. If the preliminary examination fails, the borrower shall be notified in time and the reasons shall be informed. Step 4, sign a loan (mortgage) contract with the original commercial loan bank, and sign a guarantee contract with the guarantee company designated by the management center under the guidance of the bank. Step 5, deposit the difference between the original commercial loan balance and the re-loan balance into the deposit account opened by the re-lending bank with the applicant's own funds, and settle the original commercial loan in advance. Step 6: The loan issuance management center issues loan funds, and the loan bank informs the loan borrower to settle the original commercial loan with the provident fund loan funds and the borrower's pre-existing funds. The seventh step is to apply for a mortgage. The guarantee company will handle the cancellation procedures of the original commercial loan mortgage on its behalf, and complete the registration procedures such as mortgage transfer of provident fund loans (this procedure will be handled by the guarantee company).
What is the loan period of commercial housing/housing mortgage?
The loan term of individual commercial housing shall meet the following conditions:
1. The longest term of personal commercial housing loan is 10 year. Where there are stricter provisions in relevant laws, regulations, regulatory provisions or national policies, those provisions shall prevail;
2 individual commercial housing loan period shall not exceed the remaining use period of construction land occupied by collateral;
3. Personal second-hand commercial housing, the sum of the loan period and the age of the house shall not exceed 30 years in principle (including office space not exceeding 20 years);
4. The sum of the loan term and the borrower's age shall not exceed 65 years old in principle, and the middle and high-end customers who meet the requirements of BOC may be extended to 70 years old. Due to differences in business in individual regions, please consult local outlets for details.
The above contents are for your reference. Please refer to the actual business regulations.
What are the rules for the period of buying a house with commercial loans?
1. The longest loan period for individual housing loans of commercial banks is 30 years.
2. For commercial buildings and commercial and residential buildings, the longest loan period shall not exceed 10 year.
3. The term of the housing provident fund loan shall not exceed 30 years.
4. The borrower's age shall not exceed the national statutory retirement age, that is, the male shall not exceed 60 years old and the female shall not exceed 55 years old.
5. The mortgage period shall not exceed the retirement age of the borrower.
Extended data:
Personal commercial housing loan
Personal housing commercial loan is a kind of loan that China citizens apply to the bank for the purchase of commercial housing, and it is a self-operated loan issued by the bank with its credit funds. Specifically, a natural person with full capacity for civil conduct applies to the bank for a commercial housing loan as a loan repayment guarantee when purchasing a self-occupied house in a town in this city, with the purchased property housing (or other guarantee methods recognized by the bank) as collateral. Mortgage loan is a kind of commercial loan.
Proportion of individual housing commercial loans:
1. The maximum loan ratio for second-hand houses is 70% of the low value between the total purchase price and the appraised house price. The loan amount varies according to different banks, subject to the requirements of the lending bank.
2. The longest loan period is 30 years, and the borrower is no more than 65 years old for men and no more than 60 years old for women.
3. The loan interest rate shall be subject to the relevant provisions of the People's Bank of China. See personal housing commercial loan interest rate table.