2. The longest term of commercial loans is 30 years. Some banks require that the lender's age+loan period should not exceed the legal retirement age of individuals and their spouses (male 65 years old, female 60 years old); Some banks require the lender's age+loan period, which must be less than 70 years. The loan term stipulated by each bank is different, depending on the bank's regulations.
3. The term of provident fund loans and commercial loans in portfolio loans must be the same, and the loan term requirements are the same as above.
In short, the loan period = the statutory retirement age (or 70 years old) stipulated by the state-the actual age of the lender. The younger you are, the longer the loan period is, and the older you are, the shorter the loan period is.
4. Age is the most important and common factor affecting the loan term. In addition, the loan period is also affected by other factors, such as the nature of real estate and the age of second-hand housing.
Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
(Source: Baidu Encyclopedia: Mortgage)