Legal analysis: 5 to 7 years. Due to the different investment return cycles of different M&A projects, the integration of some M&A projects is complicated, and it takes a long time to produce synergistic effects, so the term of M&A loan is moderately extended. China Banking Regulatory Commission issued the Guidelines for Risk Management of M&A Loans of Commercial Banks, which extended the term of M&A loans from five years to seven years.

Legal basis: Article 19 of the Guidelines for Risk Management of M&A Loans of Commercial Banks, the term of M&A loans is generally not more than 5 years.