When buying a house, many people need to apply for a loan, and everyone has a certain understanding of housing loans. So, what is the longest loan term? This requires property buyers to understand clearly, so as to choose a suitable loan term according to their own economic ability.

First, the longest term of individual housing loans.

The longest term of mortgage loan is 30 years.

Second, what is a personal housing loan?

Personal housing loan business is one of the main asset businesses of commercial banks. He refers to the loans granted by commercial banks to borrowers who purchase houses for the first time (that is, houses developed and built by real estate developers or other qualified developers and sold to individuals).

Three, the basic requirements of individual housing loans

1. Be at least 18 years old and have full capacity for civil conduct; And have permanent residency or valid residence certificate in China.

Second, having a fixed occupation or a stable economic income can guarantee the ability to repay the principal and interest on schedule.

Third, the credit record is good and there is no bad credit record.

Fourth, it can provide legal and effective guarantees recognized by banks.

Fifth, other conditions stipulated by the bank.

Therefore, according to the current policy, the longest term of housing loans is 30 years. Of course, the longer the loan time, the more interest will be paid, which requires everyone to know clearly and choose the best loan term. To apply for a loan, you need to meet certain conditions.