In order to prevent risks, banks have strict regulations on the number of years for approving second-hand housing loans. Only when these regulations are met can you get a loan to buy a house. So how long is the term of a second-hand housing loan? What are the factors that affect the term of second-hand housing loans? Let’s follow the editor to learn more about it!

Second-hand house loan period:

1. The age of the house + the loan period cannot exceed 50 years, and some banks even stipulate that it cannot exceed 40 years.

2. The loan maturity date cannot exceed the land maturity period.

3. The loan term + the age of the borrower cannot exceed 65 years old.

Factors that affect the loan period of second-hand houses:

1. Age of second-hand houses

The age of the house is closely related to the loan period. We should pay attention to it when buying second-hand houses. The age of second-hand houses, because older second-hand houses have shorter loan terms, some banks even stipulate that you cannot apply for a loan if the house is over 20 years old.

2. Land use life

House age and land use life are different. We often say 70 years and 40 years are the land use life, and its starting time It is the time when the developer acquired the land, while the age of the house is calculated from the date of delivery by the developer. Therefore, the age of the house is generally shorter than the land use life.

3. Provident Fund Payment Status

If you choose a Provident Fund loan, you should pay attention to the Provident Fund payment status. Generally, high-income people who use Provident Fund loans will receive "extra attention" from banks. . The higher the deposit amount, the shorter the loan period. Many people don’t understand why this is. In fact, this is because the interest rate of provident fund loans is very low. If you choose a long-term loan, it will occupy the provident fund loan limit, which is not conducive to the development of provident fund.

4. Age of the Lender

The age of the lender will also affect the loan period. The older the person is, the shorter the loan period will be. Although our country stipulates that as long as the person has not exceeded the retirement age, he or she can get a loan. When buying a house, the bank will consider the borrower's repayment ability and require that the loan term + the borrower's age cannot exceed 60 or 65 years when approving the loan.

Article summary: The second-hand house loan period and the factors that affect the second-hand house loan period are introduced here. Friends who need to know more information, please continue to pay attention to Qijia.com, we will have more exciting news in the future The content is presented.