Five years. The loan period for shops is generally 5 years, and the longest loan can be 10 year. When you apply for a loan from a bank to buy a store, the interest rate will usually go up 10%-20%, and you need to pay a down payment of 50%-60%. Different banks will have different interest rates and down payment. The service life of shops is mostly forty or fifty years. When buying a shop, people need to pay attention to the service life.

Like residential loans, when we apply for mortgage loans for shops, we must have legal and valid ID cards, stable jobs and incomes, sales contracts, adequate down payment, collateral recognized by the bank and other requirements of the lending bank. Buying a shop can't be a provident fund loan, only a commercial loan. And some banks do not support shop loans.

Because shops in many areas are not limited to purchase, many people will choose to buy shops for investment. When buying a shop, we must pay attention to the land use right of the house. Generally, the right to use shops is only forty or fifty years. If the developer holds it for a longer time, the service life of the shop will be shorter.

How to buy a store

1. When choosing a densely populated area, you should choose a block with a large flow of people, which is a business circle with frequent commercial activities and mature surrounding commercial facilities. Popular places are conducive to ensuring the daily normal operation of shops, especially opening convenience stores, laundries and other shops that serve the daily life of residents. Whether you are doing business yourself or renting out, it is a good choice.

2. Pay attention to the characteristics of the street where the store is located, its passenger flow direction and classification. Shops along the main commercial road are better than those on the main traffic road, and streets will have different characteristics because of different traffic conditions, history, culture and location. It is necessary to choose streets with smooth traffic and large traffic, and avoid opening stores in "dead ends". On both sides of the same street, the passenger flow is not necessarily the same because of the walking habits of pedestrians. It is necessary to carefully observe the direction of passenger flow and the age composition of passenger flow, and choose the side site with more passenger flow.

3. Try to avoid choosing the location on the street subject to traffic control. One of the important conditions for choosing a store location is to have a location suitable for parking vehicles in front of the store. Try to avoid choosing places with traffic control, such as one-way traffic, limited types of vehicles and limited transit time.