Commercial loan is the most popular way for people to buy a house now. You know, to choose this kind of loan, you must meet the conditions and requirements of bank loans. You cannot apply for a loan until you reach a certain age. The following small series will introduce you to the age limit of commercial loans.

Is there an age limit for commercial loans?

1. There is an age limit for bank loans. Generally speaking, the borrower must be 18 years old, which means that he must have full capacity for civil conduct. The upper limit of the loan age is 60 for men and 55 for women.

2. When the borrower applies for housing mortgage loan or mortgage loan, the loan term+current age shall not exceed the bank loan age limit, that is, men are 60 years old and women are 55 years old.

3. Lending institutions have certain restrictions on the age of borrowers, but we should know that different lending institutions have different requirements. However, compared with loan companies, banks have slightly lower age requirements for borrowers. Specifically, we take personal unsecured loan products as an example.

4. Citibank Happiness Loan requires the borrower 18-55 years old to apply; ICBC stipulates that the borrower is between 18 (inclusive) and 60 (inclusive). CreditEase Pleasant Loan requires borrowers to be between 22 and 55 years old; Heng Chang Huicheng Wage Loan stipulates that the borrower's age is "between 22 and 60".

Therefore, before you apply for a loan, you must find out the loan demand, and then make a reasonable judgment according to your actual situation to find a suitable loan product.

What are the conditions for buying a house with a commercial loan?

1. Agree to use the purchased house as mortgage guarantee.

2. The borrower's age plus the loan period shall not exceed 65 for men and 60 for women;

3. Have full capacity for civil conduct; Have permanent residence or valid residence status in China;

You must pay a down payment of not less than a certain percentage of the total price of the house purchased.

5. Have stable professional and economic income, good credit and the ability to repay the principal and interest of the loan;

6, has signed a contract or agreement to buy housing;

Summary: Is there an age limit for commercial loans? That's all. Be sure to choose the right loan according to your actual situation. I hope the above introduction will be helpful to everyone.

Enter the area and get the decoration quotation for free.

Enter the area and get the decoration quotation for free.