The longest bank loan can't exceed 30 years.
Ordinary ordinary loans, the longest term is 3 to 5 years. The longest term of renovation loan cannot exceed 10 year. The longest term of housing commercial loans can not exceed 30 years, and the sum of loan years and loan years can not exceed 70 years.
Bank loan refers to an economic behavior in which banks issue loans to borrowers at a certain interest rate and stipulate the loan term according to national policies. General application requires proof of supply income, identification and good personal credit information.
Bank loans can be divided into several years.
General bank loan life can be divided into 10 years, 15 years, 20 years, 25 years, 30 years, etc.
The ways of bank loan are: 1. Credit loan: The borrower obtains a loan by virtue of personal credit, and usually the credit qualification and repayment ability of the lender are used as the basis for judging the loan amount. This kind of loan is risky because there is no mortgage and guarantee.
2. Mortgage loan: The borrower needs to mortgage the collateral to the bank, and the bank has the right to dispose of the collateral for repayment.
3. The loan forms of certificates of deposit, insurance policies, short-term treasury bills and other valuable bonds are usually.
4. Guaranteed loan: If the borrower's loan conditions do not meet the requirements, friends and relatives with better qualifications can be used as guarantees, so that both the borrower and the guarantor will be responsible for the loan and the borrower can get the loan quickly.
How many years can a bank loan be paid off?
Now housing loans, whether commercial loans or provident fund loans, can not exceed 30 years. The general loan term can be divided into 10 years, 15 years, 20 years, 25 years, 30 years, etc. If you have enough money, you can choose 10- 15 years, so the interest will be less. But if you don't have much money for down payment or later repayment, you can choose 20-30 years. Although there is a lot of interest, there is turnover in the later expenses.
If the job is unstable or the income can't guarantee the normal living expenses and monthly payment, we should adjust the fixed number of years a little longer. If you have a stable job and a stable income, you can consider shortening the loan period without affecting the normal quality of life. After all, it is not worthwhile to let the quality of life decline for the sake of the house.
Extended data:
Different conditions:
Due to different loan types, the conditions and materials for applying for loans are also different. The following will introduce the conditions required for several common loans.
Loan type 1: personal credit loan
Personal credit loan is a fashionable loan method, so what conditions do you need to apply for this kind of loan? Usually, banks require borrowers to have second-generation ID cards, proof of stable work, proof of income and proof of loan use.
Personal credit status is good; There are also certain restrictions on the income of borrowers. The average monthly income of ordinary borrowers is not less than 4000 yuan. After submitting the relevant application materials, the bank can apply for a loan with a monthly income of 5-8 times, that is, an unsecured loan and a new loan from Ping An Bank.
Loan Type 2: Housing Mortgage Loan
The reason why more and more people choose real estate mortgage loan is that the loan interest rate is generally the benchmark interest rate, and there is less pressure to repay the loan. Generally speaking, in addition to the strong requirements on the income and credit of the lender, the service life of the house should be less than 20 years and the house area should be more than 50 square meters; Houses are highly mobile.
The amount of mortgage loans shall generally not exceed 70% of the assessed value of the house. In this way, after the relevant information is submitted to the bank for approval, you can apply for a loan with a maximum of150,000 and a maximum term of 20 years.