General apartment loans can only be loaned for ten years at the longest. Loans secured by apartments, shops, office buildings and other commercial houses usually have a maximum loan period of only ten years. If it is an individual housing loan, the longest loan period can reach 30 years (age plus loan period generally cannot exceed 70 years).
Moreover, we also need to pay attention to the use of loans to buy commercial apartments, which can only be used as commercial loans, not provident fund loans. Because provident fund loans can only be used for the purchase, construction, renovation and overhaul of owner-occupied housing.
How many years can I borrow a single apartment?
The longest loan period for a single apartment is 30 years. Because the property rights of a single apartment are high or low, the longest loan period is different. The longer the property right, the longer the loan period. In addition, single apartments generally require a down payment of 50%. However, due to the small size of the single apartment, although the down payment is 50%, it will not cause too much repayment pressure on users.
Of course, users with better economic conditions can choose to pay more down payment, so that the monthly repayment pressure will be less.
How many years can an apartment be loaned at most?
Loans to buy apartments can generally last for up to 30 years. Of course, how long you can get a loan depends on the regulations of the handling bank (you can contact the customer service of the bank by phone for operation consultation).
It should be noted that some banks have certain requirements on the mortgage term and the age of borrowers. The average borrower's age plus the loan period cannot exceed 70 years old, some are 65 years old, and some are relaxed to 75 years old.
Other banks have different loan terms for second-hand houses and first-hand houses, and the loan term for second-hand houses will be shorter, for example, only 20 years.
The introduction of the maximum number of years of apartment loans and the maximum number of years of apartment loans ends here. I wonder if you have found the information you need?