Generally, the longest loan period of personal loans is 30 years, and the loan period is different according to different loan types. For example, personal housing loans can last for 30 years, and personal car loans can last for 5 years.
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1. The sum of the service life of second-hand houses and the loan life cannot exceed 30 years.
2. The age of second-hand houses cannot exceed 15 years.
3. The maturity date of the loan cannot exceed the maturity date of the land use.
4. The sum of the loan term and the borrower's age shall not exceed 60 years old. It is worth noting that the above four provisions on loan term must be met at the same time.
In other words, the longest loan term must meet the above four conditions at the same time.
According to the length of the loan period, loans can be divided into short-term loans and medium-and long-term loans.
1, short-term loans with a term of 1 year or 1 year (temporary loans for more than 3 months and less than 6 months) are characterized by short term, low risk and high interest rate. They are usually issued in the form of "borrowing" and are mainly used to meet the needs of borrowers for short-term funds.
2. Medium-term loans with a term of over 1 year (excluding 1 year) and less than five years (including five years) are characterized by long term, high interest rate, poor liquidity and high risk.
3. Long-term loans are loans for more than 5 years (excluding 5 years).
Principles for determining the loan term and grace period:
In the process of loan evaluation, the term and grace period of the project loan shall be determined according to the following principles.
(1) It meets the regulatory requirements.
If the regulatory authorities clearly stipulate the loan term, the loan term must comply with the regulatory provisions when the bank and the customer agree.
(B) the upper limit of loan term control
The appraisers should reasonably design the financing structure according to the control index of the upper limit of the loan term, and agree on the source of debt repayment funds with the customers, and shall not arbitrarily break through the upper limit of the loan term.
(3) Calculate the term according to the solvency.
The length of the loan term (including grace period) should be based on the agreed source of repayment funds, predict the annual repayment cash flow, and calculate the loan term and grace period by meeting the prescribed repayment coverage. If the loan term and grace period calculated according to solvency cannot meet the requirements of this manual, the source of repayment funds must be re-agreed or the financing structure must be redesigned.
(4) Take short and don't take long.
If the loan term calculated by solvency is lower than the upper limit of the loan term, the loan term calculated by solvency shall prevail in principle.
How many years can bank loans last?
The longest bank loan can't exceed 30 years.
Ordinary ordinary loans, the longest term is 3 to 5 years. The longest term of renovation loan cannot exceed 10 year. The longest term of housing commercial loans can not exceed 30 years, and the sum of loan years and loan years can not exceed 70 years.
Bank loan refers to an economic behavior in which banks issue loans to borrowers at a certain interest rate and stipulate the loan term according to national policies. General application requires proof of supply income, identification and good personal credit information.
Most teenagers with the longest loan period
Everyone knows more or less about housing loans. When handling housing loans, we can usually choose three loan methods: commercial loans, provident fund loans and the combination of the two. So what is the longest term of these three kinds of housing loans?
1. If the borrower purchases a house, the longest loan period shall not exceed 30 years; If the borrower purchases a commercial house and a "commercial-residential dual-use house", the longest loan period shall not exceed 10 year. The loan period of housing provident fund is extended for 5 years, and men can borrow to 65 years old and women can borrow to 60 years old; Some ordinary banks can lend commercial loans to men up to 70 years old and women up to 65 years old.
How to stipulate the term of commercial loans?
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 60 years old. For example, if a man is 54 years old now, his longest loan period can only be 1 1 year. 65-54= 1 1。 Others are discussed in turn. ), and the longest loan period of each bank is different. The maximum term of a new house is 30 years, and the maximum term of a second-hand house is 15 years.
3. How to stipulate the loan term of individual housing provident fund? The longest loan period of housing provident fund shall not exceed 30 years, and the borrower's age shall not exceed the national statutory retirement age, that is, men shall not exceed 60 years of age and women shall not exceed 55 years of age. If both the loan applicant and the 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.
4. How is the term of portfolio loan stipulated? The term of provident fund loans and commercial loans in portfolio loans must be the same, and the longest loan term stipulated at the same time should not exceed the statutory retirement age (the longest loan term of commercial housing is 30 years; The longest loan period for private property transfer houses and auction houses is 20 years.
Therefore, when choosing a housing loan, we must pay attention to whether the selected loan is in line with our actual situation. Whenever, we should pay more attention to the loan work.
What's the longest personal loan from a bank?
Generally, the longest loan period of personal loans is 30 years, and the loan period is different according to different loan types. For example, personal housing loans can last for 30 years, and personal car loans can last for 5 years.
In addition, the loan interest rates corresponding to different loan years are also different, generally floating on the benchmark interest rate of central bank loans. The benchmark interest rate is:
The interest rate of commercial loans within one year is 4.35%;
The interest rate of provident fund loans for more than five years is 3.25%.
The interest rate of commercial loans within one to five years is 4.75%;
The interest rate of provident fund loans within one to five years is 2.75%;
The interest rate of commercial loans over five years is 4.90%;
Extended data:
Loan (electronic IOU credit loan) is simply understood as borrowing money with interest.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
The "three principles" refer to safety, liquidity and efficiency, and are the fundamental principles of commercial banks' loan operation. Article 4 of People's Republic of China (PRC) Commercial Bank Law stipulates: "Commercial banks should operate independently, bear their own risks, be responsible for their own profits and losses, and be self-disciplined, and take safety, liquidity and efficiency as their operating principles."
Loan security is the primary problem faced by commercial banks;
Liquidity refers to the ability to recover the loan according to the predetermined time limit or realize it quickly without loss to meet the needs of customers to withdraw deposits at any time;
Efficiency is the basis of sustainable operation of banks.
For example, if a long-term loan is issued, the interest rate will be higher than that of a short-term loan, and the benefit will be good. However, if the loan term is long, the risk will increase, the security will decrease and the liquidity will weaken. Therefore, the "three natures" should be harmonious, and loans should not go wrong.
Interest refers to the remuneration paid by the borrower to the lender in order to obtain the right to use the funds, which is the use price of the funds in a certain period (that is, the loan principal). The loan interest can be calculated in detail by the loan interest calculator.
In civil law, interest is the legal fruit of principal.
Equal principal and interest repayment method: that is, the sum of loan principal and interest is repaid in equal amount every month. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;
Average capital repayment method: that is, the borrower repays the loan in every installment (month) during the whole repayment period, and at the same time pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;
Pay interest on a monthly basis, and repay the principal at maturity: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis, and the interest is repaid on a monthly basis;
What is the longest term of a bank loan?
Loans can be divided into short-term loans and medium-and long-term loans according to the term.
To apply for short-term loans, the loan term is generally within 1 year or 1 year (more than 3 months, and less than 6 months are temporary loans). It is characterized by short term, low risk and high interest rate, and is usually issued in the form of "borrowing", which is mainly used to meet the borrower's demand for short-term funds.
Medium-term loans can be borrowed for more than 1 year (excluding 1 year) and less than five years (including five years), which is characterized by long term, high interest rate, poor liquidity and high risk.
The borrowing time of long-term loans is generally more than 5 years (excluding 5 years), and the longest is 30 years.
Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit.
Bank loans generally need to provide guarantees, house mortgages, income certificates and good personal credit information before they can apply. In different countries and different development periods of a country, the types of loans classified according to various standards are also different.
Basic definition
Bank loan refers to an economic behavior that an individual or enterprise issues a loan to a bank at a certain interest rate according to the national policy of the bank and returns it within the agreed time limit.
Loan skills
1. Reasons for borrowing: In the process of applying for a loan, the lender should be frank and clear, and write down the purpose of the loan and the advantages of personal repayment in detail. Such as a good personal credit record.
2. Loan amount: The loan amount applied by the lender in the bank should not be too high, because the larger the amount, the higher the possibility of failure. However, this is not what lenders want. Of course, they don't want their loan funds to see the movement of lending within half a month. If the loan amount applied by the lender is large, I suggest you reduce the loan amount appropriately, so the hope of passing the bank audit will be greatly increased.
3. Loan Description: Fill in the application materials, loan purpose, personal credit record, income source, repayment ability and family income in detail. Make sure that your loan can be repaid on time no matter when, where or how.
4. Loan repayment: After a successful loan application, the borrower must repay the loan within the specified time. Don't take chances and delay the repayment time, thus causing a bad personal credit record. In addition, the relevant departments will try their best to recover the loans in arrears.
bank loan
According to different classification standards, there are many types of bank loans.
For example:
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;
3. According to the different purposes or objects of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans. ;
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan scale, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.