The current maximum term of personal housing loans in my country is

According to Chinese law, the maximum term of personal housing loans is 30 years. The minimum term of first-hand personal housing loans is 1 year (inclusive) ), the longest period shall not exceed 30 years, and the sum of the borrower’s age and the loan term shall not exceed 75 years. If two (inclusive) or more persons borrow from the same borrower, the loan period shall be determined according to the younger one who meets the loan conditions.

1. Home loan

A home loan is also called a home mortgage loan. The home buyer fills out an application form for a home mortgage loan to the lending bank and provides legal documents such as ID card. , income certificate, house sales contract, letter of guarantee and other supporting documents that must be submitted. After the loan bank passes the review, it promises a loan to the house buyer, and based on the house sales contract provided by the house buyer and the mortgage loan entered into between the bank and the house buyer Contract, handle real estate mortgage registration and notarization, and the bank will directly transfer the loaned funds to the account of the selling unit with the bank within the period specified in the contract.

2. Common sense about loan interest

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. Daily interest rate (0 /000)=Annual interest rate (%)÷360=Monthly interest rate (‰)÷30, Monthly interest rate (‰)=Annual interest rate (%)÷12

(2) Banks can use accumulation to calculate interest Calculate interest using the tick-by-money method and the tick-by-money method.

1. The accumulation interest calculation method is based on the daily accumulated account balance based on the actual number of days, and interest is calculated by multiplying the accumulated accumulation number by the daily interest rate. The interest calculation formula is: Interest = Accumulated Interest Accumulation Number × Daily Interest Rate, where Accumulated Interest Accumulation Accumulation Number = Total Daily Balance.

2. The transaction-by-transaction interest calculation method calculates interest on a transaction-by-transaction basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan term.

(3) Compound interest: Compound interest means charging interest at a certain rate. According to the regulations of the central bank, if the borrower fails to repay the interest within the time stipulated in the contract, compound interest will be charged.

(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest imposed on the defaulter by the bank according to the contract signed with the party concerned is called bank penalty interest.

(5) Overdue loan liquidated damages: The nature is the same as penalty interest, and it is a punitive measure against the party who defaults on the contract.

(6) Formulation and filing of interest calculation methods.

What is the longest term of a personal housing loan?

Due to the continuous rise in housing prices, people have to choose to take loans to buy a house in order to reduce the pressure of buying a house. So the question is, do you know the maximum term of a personal home loan? How does an individual obtain a loan to buy a house? Next, let me give you a brief introduction.

What is the maximum term of a personal housing loan?

The maximum term of a personal housing loan shall not exceed 30 years. As for the specific period that can be applied for, it needs to be based on the relevant information you submit. It can only be determined after comprehensive review and approval by the handling bank.

How individuals can borrow money to buy a house

1. Housing provident fund loan:

For residents who have paid the housing provident fund, they can use the housing provident fund when buying a house with a loan. Come for a low interest loan. Since the housing provident fund loan is a policy subsidy, the loan interest rate is very low, not only lower than the commercial bank loan interest rate during the same period (only half of the commercial bank mortgage loan interest rate), but also lower than the commercial bank deposit interest rate during the same period.

2. Personal housing commercial loans:

The above methods are mainly used by employees of units who have paid housing provident funds, and there are many restrictions, so those who have not paid housing provident funds are not eligible to apply for loans. Yes, but you can apply for a personal housing guaranteed loan from a commercial bank. To put it bluntly, it is a bank mortgage loan. As long as your deposit balance with the lending bank accounts for more than 30% of the funds needed to purchase the house, and you use it as the down payment for the house purchase, and you have assets recognized by the lending bank as collateral, or a unit guarantor with sufficient repayment ability, that is You can apply for a bank mortgage loan.

3. Personal housing portfolio loan:

The limit of provident fund loan is usually 100,000-290,000 yuan. If the purchase price exceeds this limit, you need to apply for a commercial loan from the bank for the shortfall. The two types of loans taken together are called portfolio loans. This business can be handled uniformly by one bank. Portfolio loans have moderate interest rates and large loan amounts, making them the first choice for many borrowers.

Editor’s summary: After reading the above introduction, I believe everyone has a better understanding of the personal housing loan period. If you want to know more relevant information, please continue to pay attention to our website, and we will present you with more exciting content in the future.

How many years can a mortgage be loaned for at most?

1. Generally speaking, if the bank thinks it can lend you a loan, it will subtract your actual age from your retirement age, and the remaining The number is the number of years you can borrow, which in principle should not exceed 30 years. However, through balloon loans, it should be possible to extend the loan term.

2. In general banks, men retire at the age of 60 and women retire at the age of 55. Each bank has specific regulations, which vary greatly.

Factors that affect the life of a mortgage loan

1. The age of the mortgage borrower. The older the borrower, the shorter the application period. It is easy to be "rejected" by the bank, which also affects the life of the mortgage loan. an important factor. According to the regulations of most banks, the borrower's age plus the loan term cannot exceed 65 years. Among them, the longest mortgage term is 30 years, so the younger the borrower, the longer the loan term.

2. The age of the property purchased determines the mortgage loan. Second-hand houses that are more than 20 years old are easily rejected. This is also a major limiting factor that banks will consider. When applying for a personal housing loan, the age of the property purchased by the borrower will also affect the loan term. I believe that many home buyers choose to buy second-hand houses in order to save money. When applying for this type of mortgage loan, the lending institution will comprehensively calculate the loan term based on the remaining ownership time of the property. If it is a new house, there will naturally be less to consider about the mortgage.

3. Mortgage repayment ability. The stronger the repayment ability, the shorter the loan term. Many people believe that the stronger the repayment ability, the easier it is to obtain a long-term loan. But on the contrary, if the borrower has a higher income and has a stable job, the bank will actively recommend that the borrower choose a short-term loan. If the borrower's income is not very high and the repayment ability is not strong, the bank will provide a long-term loan to reduce the repayment pressure. This is also a measure to ensure the smooth recovery of the loan.

How many years can a home loan be loaned for at most?

Nowadays, more and more people are choosing mortgage loans to buy houses, so the question also arises, how many years is the most cost-effective home loan? I believe this is probably something that house slaves are very concerned about. But don’t worry, I will give you a brief introduction to this question below.

How many years is a good mortgage loan?

First of all, everyone must clearly understand that there is no mortgage plan suitable for everyone. Due to different personal circumstances, the length of the mortgage loan also varies from person to person. different. The specific definition can be based on the following conditions:

1. The maximum term of personal housing loans is 30 years;

2. The maximum term of personal commercial housing loans is 10 years;

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3. Men’s loan age is less than 65 years old, and women’s loan age is less than 60 years old.

As for the appropriate number of years for a loan, it cannot be generalized. Typically, the longer the loan term, the lower the monthly payment; the shorter the loan term, the higher the monthly payment.

If your income is stable and high, it is recommended to choose a short-term loan, because the shorter the time, the lower the interest rate. Many people choose to pay off their mortgage in the short term, but this will make life harder.

On the contrary, if your income is unstable or very low, it is more cost-effective to extend the term. Some people choose to pay off their mortgages over a long period of time, mostly due to financial constraints, and some for investment considerations. They give a lot of money to the bank every month, so it is better to use it for investment.

After analysis: If you choose a loan for 10 years, home buyers will face certain pressure to buy a house; if you choose a loan for 30 years, calculated based on the current interest rate, the interest is likely to exceed the total loan amount; under normal circumstances , it is recommended to choose a repayment period of 15-20 years when buying a house. In this way, not only will the interest paid be more reasonable, but it will not affect future living standards.

Editor’s summary: After reading the above introduction, I believe everyone has a better understanding of how many years a mortgage loan is cost-effective. If you want to know more relevant information, please continue to pay attention to our website, and we will present you with more exciting content in the future.

How many years is the maximum term for a personal housing loan?

The maximum loan period for a personal housing loan is 30 years. The term of each loan is determined by commercial banks based on the borrower’s age, working experience, and repayment ability. and other factors shall be determined through negotiation with the borrower.

The maximum loan period for personal residences shall not exceed 30 years; the maximum loan period for commercial houses and "commercial-residential houses" shall not exceed 10 years; the maximum loan period of the borrower's age plus the loan term shall not exceed 70 years.

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The maximum term of a personal housing loan is 30 years, but not everyone can obtain the highest loan term. The loan term is determined based on a series of factors such as the lender’s qualifications.