Second-hand housing bank loan period includes the following contents:
1. The sum of the service life of second-hand houses and the loan life cannot exceed 30 years.
2. The age of second-hand houses cannot exceed 15 years.
3. The maturity date of the loan cannot exceed the land use period.
4. The sum of the loan term and the borrower's age shall not exceed 60 years old. It is worth noting that the above four provisions on loan term must be met at the same time. In other words, the longest loan term must meet the above four conditions at the same time.
The longest term of commercial loans is 30 years, and some banks require that the loan period should not exceed the legal retirement age of individuals and their spouses (male 65 years old, female 60 years old); And some banks require lenders to lend for less than 70 years. The loan term stipulated by each bank is different, depending on the bank's regulations; The longest term of housing provident fund loans is 30 years, which shall not exceed the legal retirement age of employees and their spouses (65 years for men and 60 years for women); Others say that the loan period and the lender's age are not more than 70 years, and the loan period stipulated by the provident fund management centers in various places shall prevail; In portfolio loans, the term of provident fund loans and commercial loans must be the same, and the loan life requirements are the same as above.
Maximum loan period of second-hand housing
The longest loan period for second-hand houses is 30 years. Whether it is a second-hand house or a first-hand house, there is a maximum age limit for loans. This is closely related to the age of the lender. Details are as follows: 1. The sum of the service life of the second-hand house and the loan life cannot exceed 30 years; 2. The age of second-hand houses cannot exceed 15 years; 3. The maturity date of the loan cannot exceed the land use period; 4. The sum of the loan term and the borrower's age shall not exceed 60 years old.
legal ground
Interim Measures for the Administration of Personal Loans Article 8 The term and interest rate of personal loans shall be implemented in accordance with the relevant provisions of the state.
How many years is the second-hand housing loan suitable?
How many years of second-hand housing loans need comprehensive consideration;
1, according to the policy choice. The mortgage policies in different regions are different. In some areas, the second-hand house can be loaned for up to 20 years, and in some areas, it can only be loaned for 15 years.
2. Choose according to your age. Second-hand housing loan time plus the applicant's age cannot exceed 5 years after the applicant's statutory retirement age.
3. Choose according to the age of the house. Second-hand housing loan time plus housing age can not exceed 40 years.
Second-hand housing loans can not be arbitrarily selected. If it does not meet the local policy requirements and bank regulations, it will definitely be rejected.