How many years can a mortgage loan last

Legal analysis: How long is the repayment period of a real estate mortgage loan? The longest loan period is not more than 3 years, and the second-hand housing provident fund loan is not more than 15 years; Mortgage loans are used for personal consumption, and the term is generally within ten years.

legal basis: general rules for loans

article 11 loan term: the loan term shall be determined by both the borrower and the lender through consultation according to the borrower's production and operation cycle, repayment ability and the lender's capital supply ability, and shall be specified in the loan contract. The longest term of self-employed loans shall generally not exceed 1 years. For more than 1 years, it shall be reported to the People's Bank of China for the record. The longest discount period of discounted bills shall not exceed 6 months, and the discount period shall be from the discount date to the maturity date of bills.

article 12 loan extension: if the loan cannot be repaid on time, the borrower shall apply to the lender for loan extension before the loan expires. Whether the extension is decided by the lender. When applying for a secured loan, mortgage loan or extension, the guarantor, mortgagor and pledger shall also issue a written certificate agreeing to the extension. If there is an agreement, it shall be implemented in accordance with the agreement. The cumulative extension period of short-term loans shall not exceed the original loan period; The cumulative extension period of medium-term loans shall not exceed half of the original loan period; The cumulative extension period of long-term loans shall not exceed 3 years. Unless otherwise stipulated by the state. If the borrower fails to apply for extension or the application for extension is not approved, the loan will be transferred to the overdue loan account from the day after the maturity date.

How many years can a mortgage bank loan last

1. If the loan is used for production and operation, the mortgage loan time is generally 5 years;

2. If the loan is used for consumer payment, then the mortgage time of the house is generally 1 years;

3. If the loan is used to purchase real estate, then the mortgage time of the house is generally 3 years.

The above is the term of mortgage loan, and different houses will have different loan time limits.

information about house mortgage loan

The amount of money for house mortgage loan is closely related to the appraisal of the house. The higher the appraisal of the house, the more money users get, and the lower the appraisal of the house, the less money users get. Moreover, the amount of funds that different houses can obtain is different. Residential houses can get 7% of the house valuation, and commercial houses such as shops and office buildings can get 6% of the house valuation. The time of mortgage loan is related to the age of the house and the age of the user. The older the user is, the shorter the time is. Moreover, most banks stipulate that the age of the house and the age of the user together cannot exceed a certain value, and the user should decide related matters according to his own actual situation.

how many years can a mortgage loan last

Generally, a mortgage loan can last up to 3 years. Conditions for mortgage consumer loans:

1. China citizens aged 18 to 6 with full capacity for civil conduct;

2. Have a valid residence ID card, household registration book and marriage certificate;

3. The borrower should have a stable occupation and income, and be able to repay the loan principal and interest on time;

4. Having collateral approved by the bank;

5. The maximum loan amount is 7% of the appraised value of the house; Commercial housing and villas shall not exceed 6%;

6. It has other additional conditions stipulated by the lending bank.

Mortgage loan with real estate license refers to a loan in which the borrower takes the purchased house and other property with ownership as mortgage or pledge, or a third party provides guarantee for its loan and assumes joint and several liabilities. It is a triangle relationship which is connected by house sales contract, house mortgage agreement and house mortgage loan contract.

what's the maximum duration of mortgage loan?

theoretically, the maximum duration of mortgage loan is 3 years.

1. If the mortgaged property is used for business operation:

(1) Quota: for business purposes, you can generally apply for up to 7% of the real estate assessment value;

(2) interest rate: the interest rate rises above the benchmark interest rate by more than 2% depending on the bank policy and the qualifications of borrowers;

(3) years: generally less than five years.

2. If the mortgaged property is used for personal consumption:

(5) Interest rate: When the mortgaged property is used for personal consumption, the benchmark interest rate is generally implemented or 1% higher;

(6) years: generally less than ten years.

(7) If the mortgaged property is used to purchase commercial housing.

Extended information:

Housing mortgage loan is a kind of loan provided by the bank to the borrower's real estate, securities and other documents through a certain contract to legally obtain the lien and pledge right of the borrower's property. This kind of loan is actually a loan method in which the debtor (mortgagor) legally transfers the ownership of the property to the creditor (mortgagee) to obtain a loan. During this period, if the debtor fails to repay the loan principal and interest on schedule, the creditor has the right to dispose of the collateral and get priority compensation.

this loan method can reduce the loan risk of creditors and provide the most effective guarantee for creditors to recover their loans. The use of mortgage loan in housing credit is based on the security, liquidity and profitability of bank operating funds.

As most borrowers of this housing loan are individual residents, it is impossible for banks to know the borrower's financial strength and credit standing clearly, which increases the risk of bank loans, and mortgage loans provide creditors with an effective guarantee to recover the loans just when the loan risks are high. Therefore, most banks use mortgage loans in their housing loans to individual residents.

Housing mortgage loan refers to a loan in which the borrower takes the purchased house and other property with ownership as mortgage or pledge, or a third party provides guarantee for the loan and assumes joint and several liabilities. It is a triangular relationship connected by housing sales contract, housing mortgage agreement and housing mortgage loan contract.

1. Housing requirements

(1) The property rights of the house should be clear, meet the conditions for listing and trading stipulated by the state, and can enter the real estate market without any other mortgage;

(2) The sum of the house age (calculated from the completion date of the house) and the loan period cannot exceed 4 years;

(3) The mortgaged house is not included in the local urban reconstruction plan, and there are real estate licenses and land certificates issued by the real estate departments and land management departments;

ii. the lender requires that

all China citizens who have a permanent residence in China, a permanent residence in a local town (or a valid certificate), have full capacity for civil conduct and meet the following conditions can apply for individual comprehensive consumption loans.

1. Have a proper occupation and a stable income source, and have the ability to repay the loan principal and interest on schedule;

2. There are no illegal acts and bad credit records;

3. It can provide effective pledge guarantee of rights recognized by the bank, or can use legal and effective real estate as mortgage guarantee or a third-party guarantee with compensatory ability;

4. Open a personal settlement account of China Industrial and Commercial Bank, and agree that the bank will deduct the loan principal and interest from its designated personal settlement account;

5. Other conditions stipulated by the bank.

process

1. The buyer and the seller sign a house sales contract, stipulating the amount of down payment, loan and final payment;

2. The buyer and spouse should apply for a loan from the bank, and the seller and spouse should be present for confirmation;

3. The bank investigates and approves the loan application;

4. The purchaser signs a loan and guarantee contract with the bank;

5. The seller transfers the property right of the house to the purchaser, and the seller obtains the down payment from the purchaser;

6. The purchaser shall register with the bank for real estate mortgage (or other natural persons and legal persons shall provide phased guarantee for the purchaser);

7. The bank issues loans to the seller's account;

8. The buyer and the seller settle the house property, and the seller obtains the final payment from the buyer;

9. The purchaser takes over the house and repays it on a monthly basis (in the case of phased guarantee, the purchaser and the bank will make up the mortgage registration).