If you choose provident fund loans, 42-year-old applicants can borrow for up to 23 years. Provident fund loans usually stipulate that the borrower's age does not exceed the national statutory retirement age, and the sum of age and loan period does not exceed 5 years after the statutory retirement age. For example, the legal retirement age is 60 for men and 55 for women. Therefore, a 42-year-old male can borrow for 60+5-42=23 years at most, and a female can borrow for 55+5-42= 18 years at most.

If you choose a commercial bank loan, the 42-year-old applicant can borrow for up to 30 years. Generally speaking, commercial bank loans require borrowers to be at least 18 years old, not more than 70 years old, and the sum of age and loan term should not exceed 75 years at most, and the longest loan term should not exceed 30 years. Therefore, a 42-year-old applicant can borrow for 30 years.

Is the loan deducted by yourself or voluntarily repaid?

The mortgage is deducted by itself. As long as the borrower deposits enough money in the bank card before the specified repayment date, the bank will automatically deduct the money. There is no need to take the initiative. After handling the loan, the bank will give the repayment details of 1-2 years, with the repayment amount and repayment time of each installment, as long as the funds are deposited in the bank card in advance. And most banks have SMS reminders before the payment date.