1. Factors such as age restrictions, age of the house, property of the house, financial strength and other factors will affect the loan period.

2. Banks have strict restrictions on the age of borrowers. The older the person, the shorter the loan period. The maximum term of the loan is 30 years, so the borrower’s age cannot exceed 75 years.

3. House age is the age of a house. A house with a younger age must be newer, while a house with an older age must be relatively older. According to bank regulations, the newer the house, the easier it is to get a loan, and you can also apply for a loan with a longer term. Some banks stipulate that the sum of the age of the house plus the loan period must not exceed 30 years for second-hand housing loans. Generally speaking, because old houses were built a long time ago, banks have relatively greater controllable risks when lending, so they will be more cautious when approving loans. Second-hand houses that are more than 20 years old are more likely to be rejected by banks. ".

How to choose a suitable loan period for buying a house

1. Depend on the nature of the property: In fact, the choice of loan period will be restricted by many factors. It is not just as long as the home buyer wants. Choose how long you want, usually the property rights period for ordinary residential buildings is 70 years, and the loan period is 30 years; for commercial houses and houses, the property rights period is 40 or 50 years, and the loan period is 10 years; for private property rights transfer houses and auction houses, the length is 10 years. The loan term is 20 years.

2. Look at the age of the house: If it is a loan to buy a second-hand house, the buyer should also pay attention to the age of the second-hand house before determining the loan period. When buying a second-hand house, the loan period will be affected by the age of the house. Effect of age. The age of the house is calculated from the date the house is completed and delivered. The older the house, the shorter the loan term. The sum of the age of the second-hand house and the loan period cannot exceed 30 years. Some banks stipulate that it cannot exceed 40 years, and some stipulate that it cannot exceed 50 years.

3. Look at the age of the lender: In addition to the age of the house, when choosing the loan period, you should also consider the age of the lender. Usually banks accept young people in their 20s and middle-aged people in their 50s. Loan application for seniors. When buying a house, the loan terms vary. Generally speaking, the sum of the loan term and the borrower's age must not exceed 65 years (or 70 years).

4. Depend on personal strength: Choosing a longer loan term will result in less repayment pressure, but choosing a shorter loan term will require higher strength from the home buyer. When taking a loan to buy a house, proof of income is required. Can directly reflect the borrower's repayment ability. Generally speaking, for high-income people, the bank may recommend a relatively short loan period; if the borrower's income is relatively poor, the bank will recommend a relatively long loan period.