I'm glad to answer your questions here. First of all, I can tell you accurately that the life of commercial loans can be shortened according to the application submitted. Commercial loans can be shortened by applying to the bank. After approval, the loan term can be shortened, but the corresponding monthly repayment amount will increase. After shortening the term, the loan interest rate shall be determined according to the remaining repayment period. The remaining repayment period is 5.50% for less than 5 years and 5.75% for more than 5 years. That's all I gave you. I hope I can help you!

What I can tell you is that commercial loans can shorten the service life, but only if you submit an application. Because commercial loans are loans used to supplement the working capital of industrial and commercial enterprises, they are generally short-term loans, usually for 9 months and no more than one year, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans. Commercial loans, also known as individual housing loans, are commercial banks and housing savings banks approved by the People's Bank of China, which provide loans for urban residents to purchase ordinary housing for their own use and implement the statutory loan interest rate. Many commercial banks in Beijing have this business, such as CCB and ABC. The procedures for applying for loans are basically the same. That's about it, I hope I can help you!