1. How long can a commercial loan be extended for?

Specific matters will be dealt with on a case-by-case basis. Since you ask about the maximum, I will tell you that the maximum is 80% and the maximum period is 30 years.

2. How many years can a commercial loan be borrowed for?

The maximum term for a commercial loan is 30 years, which is determined by the age of the house and the age of the borrower. The longer the loan, the higher the interest. The short-term interest rate on the loan is low.

The amount and age of a commercial loan depend on the age and income of the homeowner. Generally speaking, the maximum number of first-time suites is 40%. The age limit depends on the loan period. If you are between 65 and 70 years old, you cannot apply for a commercial loan when you are 60-65 years old. Generally, it is postponed for 5 years and you can get a loan for 10 years, but the specific policy of your loan bank is different. Please refer to the bank for details. Generally speaking, the maximum loan amount for the first home is 70% of the total price, and the maximum loan amount for the second home is 40%. The minimum age limit is no more than 65 to 70.

According to the latest regulations of the People's Bank of China, the maximum loan limit is 80% of the house price or appraised value. However, in the actual operation process, specific to each project, it will also depend on the economic strength of the developer and the size of the project. It varies depending on the construction situation and personal economic situation. In order to attract customers, banks have extended loan terms to 30 years. As long as the sum of the loan term and age does not exceed 70 years, that is, people under the age of 40 can generally apply for a 30-year loan. For those who are willing, long-term loans are more profitable, and at the same time, short-term investments are made externally, and the returns are sufficient to repay the long-term loans

What are the steps for applying for a commercial loan?

1. Before taking out a loan to buy a house, check your credit record. Banks usually refuse loans to those with bad credit records.

2. Pay the down payment and sign the "Commercial Housing Sales Contract".

3. Provide relevant information, go to the bank to sign the "Loan Contract", and open an account at the lending bank for use

4. After the information is complete, the bank will review the "Loan Contract" and issue it. loan.

5. Release, the repayer will deposit the mortgage loan into the bank regularly

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3. Commercial loan What is the maximum loan period?

The maximum loan period for commercial loans is 30 years, and the maximum loan period for provident fund loans is also 30 years. To get a 30-year loan, not only does the age requirement for the user be relatively high, but the age requirement for the property is also relatively high. Generally speaking, if a user wants to apply for a 30-year commercial loan, the younger the application, the more advantageous it will be. The disbursement time of commercial loans is related to the applicant's qualifications, loan type, and loan products. Generally speaking, the disbursement speed of commercial loans is very fast. Business loan approval is very fast, usually within one week of application submission. If the customer has also applied for provident fund, the general commercial loan disbursement time will be about a week, and the provident fund loan will be later. The provident fund loan approval process is relatively long, usually one month, and will be reviewed within three months at the latest. Bank loans are generally faster to disburse, followed by mortgage loans, and home loans are generally slower to disburse. Bank credit will be disbursed within 1 to 3 days, mortgage loans will be disbursed within 1 to 10 days, and mortgage loans will be disbursed within 1 to 3 months. Commercial loan interest rates do not necessarily adjust every year. If the user chooses a fixed interest rate when applying for a commercial loan, the loan interest rate will remain unchanged during the repayment period as stipulated in the contract. If the user chooses LPR plus a floating interest rate based on the benchmark method when applying for a commercial loan, the commercial loan interest rate will be adjusted every year because changes in the floating interest rate commercial loan interest rate are related to the LPR. If the LPR is adjusted, the commercial loan interest rate will be adjusted. It will be adjusted. The interest rate adjustment generally has to wait for a repricing cycle to pass. On the repricing date, the loan interest rate will be calculated according to the new LPR price and the specified base points to obtain a new interest rate, and then be implemented in the next cycle. For housing loans The repricing date is generally January 1 of each year or the date the loan is disbursed.