When we calculate by age, the loan period is 70 MINUS the age of the applicant or the age of the old man of the applicant and his wife, while when we calculate by the remaining years of the collateral, the loan period is the service life of the building MINUS the service life of the building MINUS three. The shorter of these two years is determined as the longest loan term. To apply for housing provident fund and individual housing portfolio loans from commercial banks, the maximum age of the applicant is reduced from 70 to 65.

The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"