Can a house be loaned for more than 20 years?

Most banks' personal housing mortgage loans have certain restrictions on the age of second-hand houses, generally 20 years. Generally speaking, you can't borrow money to buy a house that is more than 20 years old. However, some banks are still relatively "tolerant", stipulating that they can accept loans as long as the age of the house cannot exceed 30 years. Some banks, such as ICBC's "second-hand personal housing loan", say that there is no age limit for second-hand houses. In other words, if the house you buy is over 20 years old, you can also borrow money from ICBC.

When buying a second-hand house to apply for a loan, you generally need to prepare the following materials: valid identity documents of the borrower and spouse, household registration certificate, marital status certificate, work certificate and income certificate, certificate of benefits enjoyed by the purchased second-hand house property, house sales contract and seller's account number, second-hand house evaluation report, etc. And other materials required by the bank.

Therefore, before applying for personal housing mortgage loan, borrowers can visit several lending institutions and find a suitable lending institution before applying for a loan, so that the chances of loan success will be higher.