Loan period = legal retirement age (or 70 years old) stipulated by the state-the actual age of the lender. The younger you are, the longer the loan period is, and the older you are, the shorter the loan period is. Age is the most important and common factor affecting the loan life. In addition, the loan life is also affected by other factors, such as the nature of real estate and the age of second-hand houses.

1. The longest term of commercial loans is 30 years. Some banks require that the loan period of the lender's age should not exceed the legal retirement age of the individual and his spouse (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.

If the male is 50 years old this year, the loan period is 15 (that is, 65-50= 15) according to the loan regulations that the male is not over 65 years old and the female is not over 60 years old.

2. The maximum loan period of housing provident fund is 30 years, which shall not exceed the statutory 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 no more than 70 years, which shall be subject to the loan period stipulated by the local provident fund management centers.

Several important factors affecting loan life

1. The repayment ability of the lender affects the loan life.

When issuing loans, the bank will review the borrower's income to ensure that the borrower's monthly income is enough to repay the monthly mortgage. Generally, the monthly payment cannot exceed 50% of the income.

2. The age of the lender will also affect the loan term.

When applying for a mortgage, the age of the borrower is an important audit factor. Generally speaking, as long as the borrower reaches the age of 18, he can apply for personal housing loan, requiring that the borrower's age plus the loan period should not exceed 65 years, otherwise it will not be accepted.

Therefore, the younger the borrower, the longer the loan period he can apply for. If you are over 40 years old, the longest loan period can only be less than 25 years.

The purchased house is too old for long-term loan.

The age of the house is also an important factor for the bank to determine the loan term, especially when buying a second-hand house, the bank will comprehensively calculate the loan term according to the remaining ownership time of the house. If the house is too old, it may not be available for the longest period.