2. The age of second-hand houses cannot exceed 15 years.
3. The maturity date of the loan cannot exceed the maturity date of the land use.
4. The sum of the loan term and the borrower's age shall not exceed 60 years old. It is worth noting that the above four provisions on loan term must be met at the same time.
In other words, the longest loan term must meet the above four conditions at the same time.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.
The loan term refers to the period from the time when the lender issues the loan to the borrower to the time when the loan is recovered. It is the time limit for the borrower to actually use the loan.
According to the length of the loan period, loans can be divided into short-term loans and medium-and long-term loans.
1, short-term loans with a term of 1 year or 1 year (temporary loans for more than 3 months and less than 6 months) are characterized by short term, low risk and high interest rate. They are usually issued in the form of "borrowing" and are mainly used to meet the needs of borrowers for short-term funds.
2. Medium-term loans with a term of over 1 year (excluding 1 year) and less than five years (including five years) are characterized by long term, high interest rate, poor liquidity and high risk.
3. Long-term loans are loans for more than 5 years (excluding 5 years).
Principles for determining the loan term and grace period:
In the process of loan evaluation, the term and grace period of the project loan shall be determined according to the following principles.
(1) It meets the regulatory requirements.
If the regulatory authorities clearly stipulate the loan term, the loan term must comply with the regulatory provisions when the bank and the customer agree.
(B) the upper limit of loan term control
The appraisers should reasonably design the financing structure according to the control index of the upper limit of the loan term, and agree on the source of debt repayment funds with the customers, and shall not arbitrarily break through the upper limit of the loan term.
(3) Calculate the term according to the solvency.
The length of the loan term (including grace period) should be based on the agreed source of repayment funds, predict the annual repayment cash flow, and calculate the loan term and grace period by meeting the prescribed repayment coverage. If the loan term and grace period calculated according to solvency cannot meet the requirements of this manual, the source of repayment funds must be re-agreed or the financing structure must be redesigned.
(4) Take short and don't take long.
If the loan term calculated by solvency is lower than the upper limit of the loan term, the loan term calculated by solvency shall prevail in principle.