If the loan time is affected, the longest credit period of the second-hand building loan shall not exceed 30 years, the age of the purchased property (referring to the completion period of the property) shall generally not exceed 20 years, and the longest loan period plus the age of the mortgaged property shall not exceed 40 years in principle. The specific time limit for application shall be determined by the handling bank after comprehensive examination and approval.

What factors will affect the housing loan?

1, income.

Income is a factor that banks will definitely refer to when accepting loans, and applicants also need to provide personal income certificates to banks, so income is one of the important factors affecting loans. If the income situation is stable and good, then the loan amount is relatively high, and the possibility of successfully handling loans will also increase. If the income situation is not optimistic, the loan application may be rejected, so you must know your income before applying.

2. Credit status.

Credit status is a point that cannot be ignored when handling loans. If the applicant maliciously defaults on credit card repayment or has other bad credit records, the bank will think that the applicant is not qualified to apply for a loan, so it will not consider issuing a loan. In addition, if the applicant has handled more than one credit card, it will also affect the loan processing to some extent. Be sure that you have no bad credit record.

3. The age of the house.

The age of the house is also closely related to the loan application. If the house is too old, the bank may not pass the applicant's loan request. Take the second-hand house as an example. The age of the second-hand house plus the loan period cannot exceed 30 years, so the older the house is, the shorter the loan period will be. However, it should be noted that the loan period is not only determined according to the age of the house, but also depends on the value of the house and other factors.

4. Loan type.

Different loan types will also affect the success of loans. The actual situation of each applicant is different, so everyone will choose different loan types. In addition, different types of loans have different procedures. For example, unsecured loans will be simpler than mortgage loans, and the processing time will naturally be shorter, which requires the applicant to consider according to his own situation.

5. Personal age.

Personal age is also closely related to housing loans. Generally speaking, banks have requirements on the age of applicants. According to the regulations, the sum of the loan period and the individual's age cannot exceed 65 for men and 60 for women. Therefore, if the applicant is too old, the loan period will naturally be reduced. Once he is over 65 years old, the bank will not give him a loan.