The longest commercial loan is 30 years, depending on the age of the house and the age of the lender. The long-term interest rate of the loan is greater than the short-term interest rate of the loan.

How many years of commercial loans are based on your total purchase price and the age income of the buyers. Generally speaking, the first suite is up to 70% of the total loan price, and the second suite is up to 40%. According to the age of the borrower, the general age plus the loan period does not exceed 65 to 70. Generally, when you are 60-65 years old, you can't apply for a commercial loan. Generally, you can borrow up to 65,438+00 years after a five-year delay, but the exact amount you borrow depends on the bank's age and bank policy. Generally speaking, the first suite is up to 70% of the total loan price, and the second suite is up to 40%. According to the age of the borrower, the general age plus the loan period does not exceed 65 to 70.

According to the latest regulations of the People's Bank of China, the maximum loan amount shall not exceed 80% of the total house price or the appraised value of the house purchased. However, in the actual operation process, each project will be different due to the economic strength of the developer, the construction situation of the project and the personal economic situation. In order to attract customers, the bank extended the loan period to 30 years. As long as the loan term and fixed number of years add up to no more than 70 years, that is, people under 40 can generally apply for a 30-year loan. For those who are well-funded and willing to invest, long-term loans are more favorable. You can borrow long-term funds and make short-term investments abroad at the same time, with a return sufficient to repay long-term loans and a surplus.

What are the steps to apply for a commercial loan?

First, check your credit history before buying a house with a loan. Banks usually refuse to lend money to people with bad credit records.

2. Pay the down payment and sign the commercial housing sales contract.

Third, provide relevant information, go to the bank to sign a loan contract, and open an account in the loan bank for repayment.

Four, after the information is complete, the bank review the loan contract, determine the amount of loans, loans.

5. After the loan is issued, the bank will notify the payer by SMS, and the repayment person will deposit the mortgage into the repayment card of the bank regularly.

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What is the loan period of commercial housing/housing mortgage?

The loan term of individual commercial housing shall meet the following conditions:

1. The longest term of personal commercial housing loan is 10 year. Where there are stricter provisions in relevant laws, regulations, regulatory provisions or national policies, those provisions shall prevail;

2 individual commercial housing loan period shall not exceed the remaining use period of construction land occupied by collateral;

3. Personal second-hand commercial housing, the sum of the loan period and the age of the house shall not exceed 30 years in principle (including office space not exceeding 20 years);

4. The sum of the loan term and the borrower's age shall not exceed 65 years old in principle, and the middle and high-end customers who meet the requirements of BOC may be extended to 70 years old. Due to differences in business in individual regions, please consult local outlets for details.

The above contents are for your reference. Please refer to the actual business regulations.

How many years can I borrow a mortgage?

First, the loan term.

1, the longest term of individual housing loan is 30 years, and you can choose 20, 15, 10, 5 years, etc.

2. The longest term of personal commercial housing loan is 10 year;

3. Men under 60 years old and women under 55 years old.

Second, the basic provisions of housing loans

1. loan purpose: it is used to support individuals to buy, build and overhaul houses in cities and towns in Chinese mainland.

2. Loan targets: China natural persons with full capacity for civil conduct and overseas natural persons with the right of abode in Chinese mainland.

3. Loan amount: The maximum amount is 70% of the total price or evaluation value of the house purchased (built or overhauled).

4. Loan term: up to 30 years.

5. Loan interest rate: It shall be implemented in accordance with the relevant regulations of the People's Bank of China.

6. Repayment method: entrusted deduction and counter repayment.

7. Repayment method: If the loan term is within 1 year (including 1 year), the repayment method of one-time repayment of principal and interest shall be implemented; If the loan term is greater than 1 year, the repayment method of equal principal and interest and average capital can be adopted.

8. Loan guarantee: mortgage, pledge, guarantee, mortgage plus phased guarantee, etc. , you can use one or more loan guarantees.

Three, apply for a loan should be submitted to the information:

1, identity document;

2. Proof of the borrower's repayment ability;

3. Legitimate and effective purchase (construction, overhaul) contracts, agreements or (and) other approval documents;

4. proof of down payment;

5. Loan guarantee materials;

6. Other documents and materials specified by the lending bank.

This concludes the introduction of how many years of commercial loans can be borrowed to buy a house and how many years of commercial loans can be borrowed to buy a house. I wonder if you have found the information you need?