age limit for housing loans
1. There is an age limit for bank loans:
Generally speaking, the borrower must be at least 18 years old and have full capacity for civil conduct. The upper limit of the loan age is 6 for men and 55 for women.
2. The loan term shall not exceed the bank loan age limit:
When the borrower applies for housing mortgage loan or mortgage loan, the loan term+current age shall not exceed the bank loan age limit, and the male is 6 years old and the female is 55 years old.
3. Differences between banks and lending companies:
Lending institutions have certain restrictions on the age of borrowers, and different lending institutions have different requirements.
However, compared with loan companies, banks have a slightly lower age requirement for borrowers. For details, we take personal unsecured loan products as an example.
4. Different mortgage provisions are different:
For example, if the provident fund loan is used to purchase commercial housing, affordable housing or raise funds to build housing (reformed housing), the longest loan period is 3 years; For the purchase of second-hand houses, the longest loan period is 2 years (within the legal service life of the houses); Construction, renovation, overhaul occupied, the longest loan period of 1 years, the loan period shall not exceed the statutory retirement age in principle.
different banks have different rules. For example,
(1) ICBC has extended the senior age of individual housing loan borrowers from 65 to 7, and the sum of the borrower's age and the loan term shall not exceed 75 years.
(2) The Bank of China stipulates that the age of male lenders plus the mortgage period cannot exceed 65 years, while that of women cannot exceed 6 years.