Personal pledge loans refer to loans issued by lending institutions using the borrower's movable property or rights as collateral. As we all know, lending institutions usually stipulate the loan period. So how many years is the longest personal mortgage loan period? Let’s find out together.

What is the longest term of a personal mortgage loan?

The term of a personal mortgage loan varies depending on the collateral. If it is a loan pledged by a deposit certificate, the loan term cannot exceed the maturity date of the pledged deposit certificate, and the maximum period cannot exceed one year; if there are multiple personal deposit certificates pledged, the loan term will be determined based on the time closest to the maturity date. In the case of policy pledge loans and commercial bill pledge loans, the loan term generally does not exceed 6 months. Generally speaking, the loan term of a personal mortgage loan must not exceed the maturity date of the pledge.

Based on the above, it is not difficult to see that the loan period of personal mortgage loans is relatively short, so it is more suitable for people with short-term funding needs. In addition, pledged loans are different from mortgage loans. Once a pledged loan cannot be repaid, the lending institution has the right to dispose of the pledged property; while a mortgage loan requires legal prosecution and other means before it can dispose of the corresponding collateral.