Industrial and Commercial Bank of China recently extended the maximum age of individual housing loan borrowers from 65 to 70 years old, borrowers The sum of age and loan period is not more than 75 years (that is, the maximum age of repayment is 75 years). At the same time, the longest term of individual housing loan is still 30 years, unchanged.
this also means that some people may still be paying their mortgage at the age of 75. According to the 2015 edition of World Health Statistics released by WHO (WHO), the average life expectancy of Chinese is 74 years for males and 77 years for females.
what is the situation? Can you be a slave for a lifetime? It is not so simple after every little research (nbdnews).
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good age or longer buyer
business bank borrower's age and loan term is not more than 75 years, but this is the same. The number is 70 years, that is, the new standard is equivalent to 5 years. In the evening of April 19th, ICBC officials confirmed the news to the daily economic news (micro signal: nbdnews).
the person in charge pointed out that the policy adjustment was aimed at adapting to the trend of population development in our country and meeting the housing improvement needs of people of different ages, especially those over middle age, and alleviated their economic pressure. The future industry will continue to carry out the differential individual housing credit policy of the national "city policy", and actively support the residents' self housing and the improvement of the financing demand for reasonable purchase.
the "age of borrower and the sum of loan period" mentioned above need to be explained by a more intuitive example. For example, if the borrower is 40 years old and the "sum" of the past is 70 years, the maximum can be applied to a loan of 30 years, and now to be 75 years old, or 45 years old, can also apply for a 30 year loan. The maximum term loan group was 5 years old. At the same time, over the age of 65 can not be loans, and now the 70 year old group can borrow 5 years of housing loans. The highest age group for the loan has also been relaxed.