According to the laws of our country, the longest term of individual housing loan is 30 years, and the shortest term of first-hand individual housing loan is 1 year (inclusive), and the longest term is not more than 30 years, and the sum of the borrower's age and loan term is not more than 75 years. If more than two borrowers borrow from the same borrower, the loan term may be determined according to the lesser one that meets the loan conditions.
I. Housing loan
Housing loan, also known as housing mortgage loan, is an application form for housing mortgage loan filled out by the buyer to the loan bank, and legal documents such as ID card, income certificate, housing sales contract and guarantee letter must be submitted. After passing the examination, the loan bank promises the loan to the buyer, and handles the real estate mortgage registration and notarization according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank will directly transfer the loan funds to the account of the seller's unit in the bank within the time limit stipulated in the contract.
Second, the common sense of loan interest
(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):
1. daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷30, and monthly interest rate (‰) = annual interest rate (%)÷ 12.
(two) banks can use the product interest method and the transaction interest method to calculate interest.
1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is: interest = accumulated interest-bearing products × daily interest rate, where accumulated interest-bearing products = total daily balance.
2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term.
(3) Compound interest: Compound interest means adding interest at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest at the time agreed in the contract, it will be charged with compound interest.
(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the defaulter according to the contract signed with the parties is called bank penalty interest.
(V) loans overdue liquidated damages: penalties for the defaulting party with the same nature as penalty interest.
(six) the method of making and filing interest.
How many years can a housing loan generally be borrowed?
The maximum term of an individual first-hand housing loan shall not exceed 30 years. Bank of China will comprehensively consider the borrower's economic status, age, mortgage, pledge and other factors. For details, please consult the loan handling bank of China.
The above contents are for your reference. Please refer to the actual business regulations.
The term of individual housing loan can be up to 50 years.
The term of individual housing loan can be up to 50 years. Wrong. According to relevant information, the term of individual housing loan is no longer than 30 years. The longest loan period for commercial, commercial and residential dual-use houses shall not exceed 10 year, and the longest loan period of the borrower plus the loan period shall not exceed 70 years.
How many years of mortgage can I borrow at most?
Generally, the longest mortgage loan can be 30 years, but according to the regulations of most banks, the borrower's age plus the loan period cannot exceed 65 years. In addition, the specific loan term also needs to distinguish between housing types and loan types.
1, housing category: the longest ordinary housing loan is 30 years; The longest commercial housing loan is 10 year (commercial housing can only apply for commercial loans).
2. Loan category: commercial loan, male under 65 years old and female under 60 years old; Apply for provident fund loans, men are not over 60 years old and women are not over 55 years old.
Is it better to borrow it for a long time or a short time?
1, as appropriate:
No matter what business it is, what suits you is the best. If the mortgage term is long, the monthly repayment pressure will be relatively small. The repayment time is short, and you need to pay a lot of money every month, which is suitable for users with relatively high and stable income, so you need to find a suitable repayment time, not a random repayment time.
2. Income is an important factor in determining the mortgage term:
In modern society, everyone's income is different, some are only 3400 yuan, and some earn tens of thousands a month. The income factor should be considered when choosing the mortgage term. For example, Betty Wong's income is 6,543,800 yuan, so the monthly mortgage repayment cost can be controlled within 3,000 to 6,000 yuan without other liabilities. It is suggested that total liabilities only account for 30%~60% of income. Banks should keep enough family expenses and expenses, and should not excessively restrict family consumption because of monthly repayment. It is beneficial to restrict household consumption appropriately, but it cannot be excessively restricted.
3. Save enough deposits:
The term of the mortgage is at least 10 year, so in order to prevent accidents, at least part of the money should be saved every month, so the term should not be too short, otherwise high principal and interest will be paid every month. I suggest that you keep 3 to 6 times the monthly repayment amount, which is more appropriate. Of course, you can stay more, but you can't stay less, mainly to prevent the risks brought by unemployment and other factors. ..
How many years is the personal housing loan at most?
The longest loan term of individual housing loan is 30 years, and each loan term is determined by the commercial bank through consultation with the borrower according to the borrower's age, working years, repayment ability and other factors. The term of individual housing loan shall not exceed 30 years at the longest; The loan term of commercial housing and "commercial and residential dual-use housing" shall not exceed 10 year at the longest; The borrower's age plus the loan period shall not exceed 70 years at the longest.
Any consumer advertising emergency channel will arrive quickly!
The longest loan period for individual housing is 30 years, but not everyone can get the longest loan period. The loan term is determined by a series of factors such as the lender's qualification.
This concludes the introduction of individual housing loan period and individual housing loan period. I wonder if you have found the information you need?