Generally, the longest mortgage loan can be 30 years, but according to the regulations of most banks, the borrower's age plus the loan period cannot exceed 65 years. In addition, the specific loan term also needs to distinguish between housing types and loan types.

1, housing category: the longest ordinary housing loan is 30 years; The longest commercial housing loan is 10 year (commercial housing can only apply for commercial loans).

2. Loan category: commercial loan, male under 65 years old and female under 60 years old; Apply for provident fund loans, men are not over 60 years old and women are not over 55 years old.

Is it better to borrow it for a long time or a short time?

1, as appropriate:

No matter what business it is, what suits you is the best. If the mortgage term is long, the monthly repayment pressure will be relatively small. The repayment time is short, and you need to pay a lot of money every month, which is suitable for users with relatively high and stable income, so you need to find a suitable repayment time, not a random repayment time.

2. Income is an important factor in determining the mortgage term:

In modern society, everyone's income is different, some are only 3400 yuan, and some earn tens of thousands a month. The income factor should be considered when choosing the mortgage term. For example, Betty Wong's income is 6,543,800 yuan, so the monthly mortgage repayment cost can be controlled within 3,000 to 6,000 yuan without other liabilities. It is suggested that total liabilities only account for 30%~60% of income. Banks should keep enough family expenses and expenses, and should not excessively restrict family consumption because of monthly repayment. It is beneficial to restrict household consumption appropriately, but it cannot be excessively restricted.

3. Save enough deposits:

The term of the mortgage is at least 10 years, so in order to prevent accidents, at least part of the money should be saved every month, so the term should not be too short, otherwise high principal and interest will be paid every month. I suggest that you keep 3 to 6 times the monthly repayment amount, which is more appropriate. Of course, you can stay more, but you can't stay less, mainly to prevent the risks brought by unemployment and other factors.

Can the mortgage term be changed?

1. You should determine your loan period before you make a loan. Once the loan term is determined, it cannot be changed halfway. But you can repay the loan in advance, that is, you pay off all the money in advance before the loan deadline.

2. It is suggested that the lender apply for prepayment or shorten the service life, which can change the service life of the housing loan. However, it depends on how the loan contract is agreed, whether there is a penalty, and whether there is an early repayment. Usually these problems will be stipulated in the contract.

3. In addition, the change and adjustment of the loan interest rate will also affect the loan term. The loan interest rate is not a fixed value, which will directly affect the mortgage term.

Generally speaking, shortening the repayment time can also save more interest, but not all banks can apply for shortening the loan term to repay in advance, because at present, some banks require that if they repay in advance, this can only reduce the monthly repayment amount and keep the loan term unchanged.

From the point of view of buyers, shortening the loan period is not suitable for everyone. For buyers who choose to repay the principal and interest with equal amount, when the repayment period exceeds half of the loan period, it means that nearly 80% of the interest has been paid off within this period, and the remaining monthly payments are basically principal, so it is of little significance to shorten the repayment period in advance.

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How many years can the loan last?

Loans can be divided into short-term loans and medium-and long-term loans according to the term. The borrowing time of long-term loans is generally more than 5 years (excluding 5 years), and the longest loan period is 30 years. Then a 30-year loan is the most common mortgage loan at present.

In addition to mortgages, credit loans, etc. At present, it is common in the market that the maximum loan period can be 3 years, but the loan period still depends on the loan type selected by the user.

At present, short-term loans borrowed by banks are generally within 65,438+0 years or 65,438+0 years (temporary loans from 3 months to 6 months), medium-term loans can be borrowed for more than 65,438+0 years (excluding 65,438+0 years) and less than 5 years (including 5 years), long-term loans are loans for more than 5 years, and the longest loan is 30 years.

How many years can a bank loan be paid off?

Now housing loans, whether commercial loans or provident fund loans, can not exceed 30 years. The general loan term can be divided into 10 years, 15 years, 20 years, 25 years, 30 years, etc. If you have enough money, you can choose 10- 15 years, so the interest will be less. But if you don't have much money for down payment or later repayment, you can choose 20-30 years. Although there is a lot of interest, there is turnover in the later expenses.

If the job is unstable or the income can't guarantee the normal living expenses and monthly payment, we should adjust the fixed number of years a little longer. If you have a stable job and a stable income, you can consider shortening the loan period without affecting the normal quality of life. After all, it is not worthwhile to let the quality of life decline for the sake of the house.

Extended data:

Different conditions:

Due to different loan types, the conditions and materials for applying for loans are also different. The following will introduce the conditions required for several common loans.

Loan type 1: personal credit loan

Personal credit loan is a fashionable loan method, so what conditions do you need to apply for this kind of loan? Usually, banks require borrowers to have second-generation ID cards, proof of stable work, proof of income and proof of loan use.

Personal credit status is good; There are also certain restrictions on the income of borrowers. The average monthly income of ordinary borrowers is not less than 4000 yuan. After submitting the relevant application materials, the bank can apply for a loan with a monthly income of 5-8 times, that is, an unsecured loan and a new loan from Ping An Bank.

Loan Type 2: Housing Mortgage Loan

The reason why more and more people choose real estate mortgage loan is that the loan interest rate is generally the benchmark interest rate, and there is less pressure to repay the loan. Generally speaking, in addition to the strong requirements for the lender's income and credit, the service life of the house should be within 20 years and the house area should be more than 50 square meters; Houses are highly mobile.

The amount of mortgage loans shall generally not exceed 70% of the assessed value of the house. In this way, after the relevant information is submitted to the bank for approval, you can apply for a loan with a maximum of150,000 and a maximum term of 20 years.