The longest mortgage loan can be 30 years, provided that you have applied for a real estate mortgage loan. The actual loan period of real estate mortgage plus the actual age of the borrower cannot exceed 60 years old. In automobile mortgage, most lending institutions can lend for three years at the longest, and some lending institutions may lend for four years or even longer, depending on the actual situation.
Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity. Collateral is generally easy to keep, not easy to wear and tear, and easy to sell.
Taking real estate mortgage loan as an example, the factors that affect the life of housing mortgage loan are:
Property nature:
Different properties apply for mortgage loans with different loan life, which means that ordinary houses, commercial projects, factories and other houses apply for mortgage loans with different loan life. For example, the longest life of ordinary residential mortgage loans is 30 years, while commercial mortgage loans can only be borrowed for 3-5 years.
Room age:
For housing mortgage loan, the life of the house is also one of the factors that affect the loan period and loan amount. Usually, the longer the house is, the lower the loan period and the less the loan amount. The sum of the loan period and the house age cannot exceed 30 years. If the loan amount is less than 10 year, the maximum mortgage interest rate is 70%; If the loan line is valid for 10-20 years, the maximum mortgage interest rate is 60%; If the loan amount is valid for more than 20 years, the maximum mortgage interest rate is 50%.
Borrower's repayment ability:
When handling housing mortgage loans, although there is collateral, banks will still look at the borrower's bank flow, income proof and other materials, because these materials are the proof that can directly reflect the borrower's repayment ability. Only borrowers with repayment ability have the opportunity to obtain loan funds. The higher the income of the borrower, the higher the loan funds obtained, and the longer the loan period that can be applied for.
Borrower's age:
The life of housing mortgage loan is also limited by the age of the borrower. According to bank regulations, borrowers need to be 18 years old to apply for housing mortgage loans, but in fact, borrowers aged 25-55 are more popular with banks, because borrowers of this age tend to have stronger repayment ability.
For borrowers, when applying for housing mortgage loans, they need to choose the loan term that suits them according to their actual situation. Only by choosing the loan term that suits them can they repay the loan reasonably and the personal life of the borrower will not be affected by the loan.
How many years can a house mortgage loan last?
1. If the commercial house is used as collateral, the credit period is 5 years and the service life of the commercial house is ≤30 years.
2. If the house is mortgaged, the credit period is 30 years, and the following conditions must be met:
1. The borrower's age credit period is ≤60, which meets the "double-excellent" individual customer standard stipulated in the Relevant Provisions on Simple Credit Rating of Individual Customers in Industrial Units issued by the Bank.
2. The credit period of the house is ≤40 years. On this basis, combined with the liquidity of the collateral and the repayment ability of the borrower, the credit term is comprehensively determined.
Mortgage loan conditions:
1, age 18-55 years old (some institutions can accept children or the elderly); The general mortgage loan amount is 50 ~ 70% of the real estate appraisal price (some banks may increase it); Generally, the term of housing mortgage loan is 1 year-10 year (a few banks can treat customers as long as 30 years, but the borrower cannot be over 60 years old after the loan is completed);
2. The age of the house is within 20 years (a few banks can do it within 30 years, and most of them have spare houses, which is easier to approve); The loan interest rate of mortgage loan is generally10%-20%; There is a certain source of repayment (the effective proof is mainly bank flow, and at least the monthly effective income is more than twice the monthly mortgage payment); Personal or company credit is good (less overdue, otherwise the bank may find an excuse to raise interest or not allocate funds);
3. At present, the types of real estate that banks can accept are commercial housing, houses, shops, mortgage houses, second mortgages, serviced apartments and office buildings. , and other materials (provide more proof of assets. Personal repayment ability is an important factor in handling real estate mortgage loans, so if you can provide assets certificates similar to other real estate, vehicles, securities and companies, you can greatly increase the amount of bank real estate mortgage loans.
How many years can a mortgage last?
Up to 30 years. The high mortgage amount means that the repayment amount is also large and the repayment pressure is high. In order to reduce the pressure of monthly payment as much as possible, we should not only choose the appropriate repayment method, but also extend the loan term as much as possible. The longest term of mortgage loan can reach 30 years, but this is influenced by the age of the house and the age of the borrower. According to the regulations of most banks, the age of the house plus the age of the borrower cannot exceed 65, that is to say, the older the borrower, the shorter the loan period.
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How much can I borrow for real estate mortgage? How many years can I keep it?
Generally, the longest loan can be 30 years.
Term of amount
1, and the highest mortgage rate of commercial housing can reach 70%;
2. The mortgage rate of office buildings and shops can reach up to 60%;
3. The mortgage rate of industrial plants can reach up to 50%;
4. Up to 30 years; Mortgages include shops, offices, houses, villas, factories, warehouses and so on.
Housing requirements
(1) The property right of the house shall be clear, meet the listing and trading conditions stipulated by the state, and can enter the real estate market without any other mortgage;
(two) the age of the house (calculated from the date of completion of the house) and the loan period can not exceed 40 years;
(three) the mortgaged house is not included in the local urban transformation plan, and there are real estate licenses and land certificates issued by the real estate department and the land management department;