how many years can I borrow a mortgage? How old is it at most

According to the bank loan regulations, the maximum loan period of a mortgage is 3 years. Generally, the bank will subtract your actual age according to the age after five years of statutory retirement (65 for men and 6 for women), and the remaining figure is the maximum number of years you can borrow.

in other words, the maximum mortgage loan can be up to 65 years old, of course, the specific situation should be subject to the provisions of the applying bank. For example, the sum of the term of ICBC's house purchase loan and the borrower's age cannot exceed 65 years, and the shortest mortgage is 1 year and the longest is 3 years; The borrower's age and loan time of China Everbright Bank cannot exceed 65 years, and the longest term of mortgage is 3 years.

Housing loan is any form of housing loan support provided by banks and other financial institutions to house buyers, usually with the purchased house as collateral. According to the source of loan money, it is divided into provident fund loans and commercial loans.

according to the repayment method, it can be divided into two types: equal principal and interest repayment method and equal principal repayment method. The interest rate of housing loans is based on the benchmark interest rate of banks in the same period, and the loan interest rates of different banks have slightly increased.

application conditions

application conditions for housing loan (provident fund loan):

(1) valid identification;

(2) Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

(3) Those who participate in the housing provident fund system must also meet the following conditions to apply for housing provident fund personal housing loans: that is, the time for continuous deposit of housing provident fund before applying for loans is not less than six months. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it shows that his income is unstable and he is prone to risks after issuing housing loans.

(4) If one spouse has applied for a housing provident fund loan, neither spouse can get another housing provident fund loan until the principal and interest of the loan have been paid off. Because, the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of employees' families.

(5) When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and the ability to repay the loan, and there are no other debts that have not been paid off and may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is very risky to give housing provident fund loans, which violates the principle of safe operation of housing provident fund.

that is, when applying for housing provident fund loans, it is generally required that the applicant has no large loans, such as outstanding housing business loans and auto loans.

How many years can you borrow a house loan? It depends on your age.

Buying a house with a loan can become an owner in the shortest time, on the one hand, and it can also fight against the current inflation. However, how many years can I borrow a house loan? This is directly related to the cost of buying a house. Therefore, many friends will know more about the situation before buying a house in order to make a good purchase plan.

The duration of housing loan mainly depends on the age of the lender and the nature of the house. Of course, the life of the house, especially the purchase of second-hand housing, also affects the life of the loan to a certain extent.

1. Term of commercial loans

1. Generally speaking, the longest loan term of individual housing loans of commercial banks is 3 years. If the borrower purchases a house, the loan period shall not exceed 3 years at the longest; If the borrower purchases a commercial house and a "commercial-residential dual-use house", the longest loan period shall not exceed 1 years;

the term of each loan is determined by the commercial bank through consultation with the borrower according to the age, working years, repayment ability and other factors of the borrower. However, the borrower's age plus the loan period shall not exceed 7 years at the longest.

2. The specific loan period should be calculated according to the individual's age. Male: no more than 65 years old, female: no more than 6 years old. And the maximum loan period of each bank is different.

the maximum term of a new house is 3 years, and that of a second-hand house is 15 years.

II. Duration of individual housing provident fund loans

The longest duration of housing provident fund loans shall not exceed 3 years, and the borrower's age shall not exceed the national statutory retirement age, that is, the male shall not exceed 6 years of age and the female shall not exceed 55 years of age. If both the loan applicant and spouse meet the conditions for applying for housing provident fund loans, the loan term can be calculated according to the party with longer remaining working years.

iii. term of portfolio loan

the term of provident fund loan and commercial loan in portfolio loan must be the same, and the longest loan term stipulated shall not exceed the statutory retirement age (i.e. 6 for men and 55 for women). The longest loan period for commercial housing is thirty years; The longest loan period for private property transfer houses and auction houses is 2 years.

Fourth, the loan period of second-hand housing

1. The sum of the used years of second-hand housing and the loan period cannot exceed 3 years;

2. The age of the second-hand house cannot exceed 15 years;

3. The maturity date of the loan cannot exceed the maturity period of land use;

4. The sum of the loan term and the borrower's age shall not exceed 6 years.

There are differences between new houses and second-hand houses in terms of loan life. If you buy a second-hand house, you must see the service life of the second-hand house clearly, otherwise the expected loan life will be inconsistent with the actual situation.

how to stipulate the loan period for house purchase? What is the longest term of housing loan?

how to stipulate the loan period for house purchase?

The maximum loan period for buying a house is 3 years, but the loan life requirements for different loan repayment methods are a little different:

1. Commercial loans: The specific loan life should be calculated according to the individual's age. Generally speaking, men are not over 65 years old and women are not over 6 years old. The maximum loan period for new houses is 3 years, and the maximum loan period for second-hand houses is 15 years.

2. provident fund mortgage: the loan term shall not exceed 3 years at most, and the borrower's age shall not exceed the statutory retirement age in China, that is, the male shall not exceed 6 years and the female shall not exceed 55 years. If both the loan applicant and spouse meet the requirements for applying for provident fund loans, the loan term can be calculated according to the remaining party who has been working for a long time.

3. Portfolio loan: The term of provident fund mortgage and commercial loan in portfolio loan must be consistent, and at the same time, the maximum loan term stipulated in the portfolio loan shall not exceed the legal retirement age, that is, 6 for men and 55 for women.

what is the longest term of housing loan?

the same loan of 1 million will be repaid for 1, 2 and 3 years. At the same stage, the monthly credit line is different. Simply think about it and you will understand that the longer the loan period, the less the monthly payment. However, short loan life also brings benefits. If the loan life is short, the loan interest generated by the loan will be particularly small, but the repayment pressure will be great every month. If this proportion is too high, it will definitely endanger the daily expenditure and quality of life. Fortunately, this can be adjusted by adjusting the loan life, and the monthly payment is generally required to not exceed 5% of the income.

The following conditions should also be taken into account when choosing the loan term:

1. Property nature

Choosing the loan term is subject to many restrictions, not as long as the buyer wants. Generally, the property right of ordinary houses is 7 years, and the loan term is 3 years; For commercial houses and houses, the term of property rights is 4 years or 5 years, and the loan term is 1 years; The loan period for private property transfer houses and auction houses is 2 years.

2. Size of housing age

If you borrow money to buy a second-hand house, buyers should pay attention to the housing age of the second-hand house before confirming the loan period. When buying a second-hand house, the loan period will also be affected by the age of the house. The age of the house is gradually calculated on the date of completion and delivery of the house. The older the house is, the less the loan period will be. The total age of the second-hand house and the loan period shall not exceed 3 years. Some banks require that it should not exceed 4 years, while others require that it should not exceed 5 years. It mainly depends on the relevant regulations of banks and the actual situation of their houses, such as areas and use values.

3. The age of the borrower

Apart from the age of the house, the age of the borrower should also be integrated when choosing the loan period. Usually, the bank accepts applications for loans from young people aged 2 and middle-aged people aged 5. When buying a house, the term of the loan is different. Generally speaking, the sum of the loan term and the borrower's age cannot exceed 65 (or 7).

4. Personal strength

Choosing a longer loan period has very little repayment pressure, so choosing a longer loan period has a very high requirement on the overall strength of the buyer. When in mortgage to buy a house, the personal income certificate can directly reflect the borrower's repayment ability. Under normal circumstances, high-income groups and financial institutions may propose a relatively short loan period; If the borrower's income analysis is relatively weak, the bank will propose that the loan period be relatively longer.

Housing loans are mainly divided into commercial loans, provident fund loans and portfolio loans, and the loan life of mortgage loans is also different. The maximum loan period of housing mortgage loans in various banks is 3 years. The term of each loan is determined by the bank in consultation with the borrower according to the age of the borrower, working hours, repayment ability and other factors.

if a (new) borrower purchases a house, the loan period shall not exceed 3 years at most; If the borrower purchases commercial buildings and "commercial and residential apartments", the loan period shall not exceed 1 years at most; The borrower's age plus the loan period shall not exceed 7 years at most (Ping An Bank) (old) According to the national legal retirement age, a woman can borrow up to 55 years old and a man can borrow up to 6 years old.

How many years can a mortgage loan last?

A mortgage loan can last for 3 years at most. The mortgage rate of commercial housing can reach up to 7%; The mortgage rate of office buildings and shops can reach up to 6%; The mortgage rate of industrial plants can reach up to 5%; , the longest period can reach 3 years; Mortgages include shops, office buildings, houses, villas, factories, warehouses, etc.

How many years can a mortgage loan last

1. Generally speaking, if a bank thinks it can lend you a loan, it will subtract your actual age according to your retirement age, and the remaining figure is the number of years you can borrow, which in principle is not more than 3 years. However, by means of balloon loan, it should be possible to increase the loan period.

2. In general banks, men retire at the age of 6 and women retire at the age of 55. Each specific bank has specific regulations, which are not bad.

Factors affecting the mortgage loan life

1. The age of the mortgage borrower, the older the borrower is, the shorter the application life is, and it is easy to be "rejected" by the bank, which is also an important factor affecting the mortgage loan life. According to the regulations of most banks, the borrower's age plus the loan period cannot exceed 65 years. Among them, the longest mortgage period is 3 years, so the younger the borrower, the longer the loan period.

2. The age of the purchased property determines the mortgage, and second-hand houses over 2 years old are easily rejected. This is also a major limiting factor that banks will focus on. When handling individual housing loans, the age of the property purchased by the borrower will also affect the loan period. I believe that many property buyers choose to buy second-hand houses in order to save money, so when handling such mortgage loans, lending institutions will comprehensively calculate the loan term according to the remaining ownership time of the property. If it is a new house, there will naturally be less consideration for mortgage.

3. repayment ability of mortgage. The stronger the repayment ability, the shorter the loan term. Many people think that the stronger the repayment ability, the easier it is to get long-term loans. On the contrary, if the borrower has a high income and a stable job, the bank will actively advise him to choose a short-term loan. If the borrower's income is not very high and his repayment ability is not strong, the bank will give him a long-term loan to reduce his repayment pressure, which is also a measure to ensure the smooth recovery of the loan.