Among them, the staff of the personal loan department of a branch of ICBC in Beijing Dongcheng told China that the upper limit of the borrower's age is 70 years, and the borrower's age plus the loan period cannot exceed 75 years, which means that if he applies for a mortgage at the age of 70, he must pay it off within five years.
However, the staff member also said: "Now loans can also be made according to the age of the children, so the loan period will be longer, and the longest loan can be 25 years. In other words, the elderly are the main borrowers, and the children and the elderly are the same borrowers, but the loan period is calculated according to the age of the children. "
A loan manager of China Merchants Bank told China, a brokerage firm, that the rule of China Merchants Bank is that the borrower should not be over 70 years old, and the age plus the loan time is 85 years old.
The manager further explained that, for example, a 70-year-old man can apply for a loan for up to 15 years as long as he meets the bank policy. However, he stressed: "This is the most extreme situation in the policy. When the borrower is 70 years old, he will give you the highest loan 15 to 85 years old, but he may not be able to apply. "
"This requirement is that the children should take the borrower as * * *, and the information and qualifications provided by the children are consistent with the requirements of the borrower. As a borrower, children should also go to credit. "
The above manager said.
The staff of a branch of Bank of Communications in Beijing Dongcheng told China: "The policy stipulates that the borrower is under 70 years old. If you want to borrow for a long time, you can add witnesses and use your children as collateral. You can borrow it for 25 years, that is, you can be 95 years old at the longest. But in fact, it is basically not 95 years old, because we require the borrower to be before the 69 th birthday when lending money. "
Chen Wenjing told China, a brokerage company, that for buyers, extending the maximum loan age provides policy support for the elderly who need to buy a house, lowers the threshold for the elderly to buy a house, helps to release the housing demand of this group, and ensures the housing demand of the elderly group. For banks, it is helpful to reduce the probability of loan risk to some extent that the elderly buy a house and their children act as borrowers or guarantors. In the short term, the policy of extending the maximum loan age is expected to appear in more cities, and the credit side will further strengthen its support for housing demand to meet the reasonable housing needs of middle-aged and elderly people.
However, Zhang Dawei, the chief analyst of Zhongyuan Real Estate, said in an interview with China, a brokerage firm, that the truth of this policy is actually "relay loan", that is, children no longer meet the conditions of purchase restriction and loan restriction. In this case, parents may have no house or loan, and parents, as mortgage applicants, help their children (as * * * borrowers) to purchase credit products with loans. This kind of "relay loan" that bypasses the loopholes in the policy of restricting purchases and loans has long been in a gray area, behind which are buyers who restrict purchases and loans, in order to qualify for the first home loan.
Zhang Dawei believes that this policy may reduce the pressure of monthly payment and prolong the repayment cycle for some middle-aged and elderly buyers, but overall, this policy has little impact on the market, because the provisions that the lender is no more than 70 years old and the maximum loan period is 30 years have not changed.