The longest term of mortgage loan is 30 years. According to the regulations, the average loan period for first-hand houses is 30 years, and that for second-hand houses is 20 years. At the same time, the loan period plus the applicant's age, men are not more than 65 years old and women are not more than 60 years old.

Factors affecting the loan term

1, the longest bank limit on the loan term.

Usually, the bank's requirement for the mortgage term is no more than 30 years, but the specific situation depends on the policy of the lending bank. For housing loans, if the loan term is long, the total interest that buyers have to pay will be more, and if the term is short, the monthly mortgage payment will be more.

2. Lender's age

Banks also have certain requirements for the age of lenders, and the age of lenders will affect the life of loans. As for the loan period, different banks have different requirements: some banks require the lender's age+loan period, which shall not exceed the legal retirement age of individuals and their spouses; Some banks require the lender's age+loan period, which must be less than 70 years. The younger the lender, the longer the loan term.

3. Lender's repayment ability

The loan term is also affected by the repayment ability. The corresponding monthly mortgage payment is calculated by the loan life, and the relationship between monthly mortgage payment and monthly income is less than or equal to X50% of monthly income.

4. Age of the house

In addition to the maximum life and the age limit of the lender, the age of the house will also affect the life of the mortgage, especially the second-hand house. Some banks stipulate that the loan period+house age should not exceed 30 years, some stipulate that it should not exceed 40 years, and some stipulate that it should not exceed 50 years.