The longest period shall not exceed 20 years.

According to Article 10 of the Measures for the Administration of Individual Housing Loans, the lender shall reasonably determine the loan term according to the actual situation, but the longest term shall not exceed 20 years. The borrower shall work out a repayment plan with the loan bank. If the loan term is less than 1 year (including 1 year), the borrower will repay the principal and interest in one lump sum at maturity, and the interest will be paid with the principal. If the loan term exceeds 1 year, the principal and interest of the loan shall be repaid monthly.

The interest rate of individual housing loans issued with credit funds will be lowered according to the legal loan interest rate (excluding floating). That is, if the loan term is less than 1 year (including 1 year), the legal loan interest rate of less than half a year (including half a year) shall be implemented; If the term is 1 to 3 years (including 3 years), the legal loan interest rate is 6 months to 1 year (including 1 year).

Extended data:

Relevant requirements for individual housing loans:

1. If pledge is adopted, the pledgor and the pledgee must sign a written pledge contract. According to the "People's Republic of China (PRC) Guarantee Law" need to register, it shall go through the registration formalities.

2. Before the expiration of the pledge period, the lender shall not dispose of the pledged property without authorization. During the pledge period, if the pledge is damaged or lost, the lender shall bear the responsibility and be responsible for compensation.

3. The relevant contents of the pledge contract shall be implemented in accordance with Article 65 of the Guarantee Law of People's Republic of China (PRC). When the borrower pays off all the loan principal and interest, the pledge contract is terminated.