As we all know, banks and lending institutions generally have certain requirements on the age of borrowers, but different loan products have different regulations. Therefore, some loan products may not be handled by people over 50 years old, but some loan products are still within the scope of loans over 50 years old.

Of course, even if you are over 50 years old, you are still eligible to apply for a loan, but because the borrower is too old and risky, it is more likely that the bank will refuse to grant a loan.

I suggest that when you apply for a loan, find a person with good reputation as a guarantee, so that the chances of loan success will be higher. If you have enough income from assets, you can also provide more information on income from assets to prove your repayment ability, and apply for mortgage loan directly with assets as collateral.

Legal basis:

People's Republic of China (PRC) Civil Code

Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.

Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.