Housing loans are mainly divided into commercial loans, provident fund loans and portfolio loans, and the loan life of mortgage loans is also different.
The longest loan period for individual housing loans of commercial banks is 30 years. The term of each loan shall be determined by the commercial bank through consultation with the borrower according to the borrower's age, working years and repayment ability.
(new)
If the borrower purchases a house, the loan term shall not exceed 30 years at the longest; If the borrower purchases a commercial house and a "commercial-residential dual-use house", the longest loan period shall not exceed 10 year;
How to stipulate the longest term of housing loan?
The borrower's age and loan period shall not exceed 70 years at the longest (Minsheng Bank)
(old)
According to the national legal retirement age, women can borrow up to 55 years old and men can borrow up to 60 years old.
It is understood that at present, both ordinary commercial loans and housing provident fund loans have been extended accordingly. The loan period of housing provident fund is extended for 5 years, and men can borrow to 65 years old and women can borrow to 60 years old; Some ordinary banks can lend commercial loans to men up to 70 years old and women up to 65 years old.
How to stipulate the term of commercial loans?
The specific loan period should be calculated according to the individual's age (male: no more than 65 years old, female: no more than 60 years old. For example, now a man is 54 years old, and his loan term can only be 1 1 year. 65-54= 1 1。 Others are discussed in turn. ), and the loan period of each bank is different. The maximum term of a new house is 30 years, and the maximum term of a second-hand house is 15 years.
How to stipulate the loan period of individual housing provident fund?
The longest loan period of housing provident fund shall not exceed 30 years, and the borrower's age shall not exceed the national statutory retirement age, that is, men shall not exceed 60 years of age and women shall not exceed 55 years of age. If both the loan applicant and the spouse meet the conditions for applying for housing provident fund loans, the loan term can be calculated according to the party with longer remaining working years.
How is the term of portfolio loan stipulated?
In portfolio loans, the term of provident fund loans and commercial loans must be the same, and the stipulated maximum loan term shall not exceed the statutory retirement age (that is, 60 for men and 55 for women).
The longest loan period for commercial housing is thirty years;
The longest loan period for private property transfer houses and auction houses is 20 years.
Detailed explanation of second-hand housing loan term
1. The sum of the service life of the second-hand house and the loan term cannot exceed 30 years;
2. The age of second-hand houses cannot exceed 15 years;
3. The maturity date of the loan cannot exceed the land use period;
4. The sum of the loan term and the borrower's age shall not exceed 60 years old.
It is worth noting that the above four provisions on the loan term must be met at the same time. In other words, the longest loan term must meet the above four conditions at the same time.
(The above answers were published on 20 15-07- 17. Please refer to the current actual purchase policy. )
Sohu Focus provides you with comprehensive information on new houses, second-hand houses, renting houses and home improvement.