"Lending until the age of 80" may become the norm in the future.
With Nanning, Guangxi taking the lead in continuously breaking down the age limit of lenders, many cities have followed suit recently.
First Finance and Economics learned that a large bank in Guangzhou has relaxed the lender's age + loan period to 85 years old, and before that, it was generally 70~75 years old.
In addition to Guangzhou, news of the relaxation of the age limit for lenders has also spread in Beijing, Shanghai, Chengdu, Ningbo, Wuxi and other places.
In this regard, some experts believe that at present, similar "ultra-long-term loans" are more of a gimmick, but in the long run, the demand for housing finance should better match the changes in the population age structure.
"Ultra-long loan" customers are currently rare
In order to stimulate the demand for housing purchases, since last year, a large number of preferential policies have been introduced around housing loans, ranging from reducing housing loan interest rates and down payment ratios, to increasing the maximum amount of provident fund loans, to piloting second-hand housing "transfer with mortgage", to issuing housing subsidies, innovative repayments, etc. payment method, etc.
On February 12 this year, a piece of information that "the age limit of housing loans in Nanning can be extended to 80 years old" circulated wildly in the circle of friends, which aroused widespread concern in the market.
The popularity of "loans up to 80 years old" has not passed. On the 16th, posters of "loans up to 100 years old" in a real estate in Nanning began to spread on the Internet again.
It is understood that the specific algorithm is that the age of the borrower is not more than 70 years old, and on the premise that the children are co-borrowers, the longest loan period is 30 years, and the sum of the two is 100 years old.
However, many sub-branches of major local banks have stated that they do not handle similar "relay loans".
First Finance and Economics checked the websites of many banks and found that the term of personal housing loans is generally defined as: the longest loan term shall not exceed 30 years, and the sum of the age of the borrower and the loan term shall not exceed 70 to 75 years; Between 18 (inclusive) and 70 years old (inclusive).
At the same time, there are also bank regulations that if two (including) co-borrowers borrow money, the loan period can be determined according to the younger person who meets the loan conditions. Therefore, this also laid the groundwork for the subsequent part of the "ultra-long loan" Foreshadowing.
For example, 70-year-old parents + 40-year-old children jointly apply for a loan, and the 40-year-old child determines the loan period, and can apply for a loan of up to 30 years.
However, the lender's age plus the maximum loan term is actually 70 years (40+30), not 100 years (70+30).
A person in charge of a mortgage company told China Business News that he has not encountered any "ultra-long-term loan" customers yet, "but I believe we may encounter them in the future." He said.
"This is more of a marketing gimmick, just a cooperation between individual banks and individual projects." said Li Yujia, chief researcher at the Guangdong Provincial Housing Policy Research Center.
Or become a future trend
However, "ultra-long loans" are indeed constantly provoking the nerves of the market.
First Finance and Economics found that behind the relaxation of the loan age in some regions, children are required to be co-borrowers or guarantors.
For example, direct children are required in Guangzhou as a guarantee (that is, the borrower is one subject), and in some areas, children are used as co-borrowers (that is, the borrower is two or more subjects), and the policy that the maximum term of personal housing loans is 30 years does not exist. breakthrough.
Regarding the spread of "ultra-long-term loans", Li Yujia believes that it has indeed promoted the transaction of the property market. As for whether it violates relevant policies, it remains to be regulated. Whether it is necessary to extend the age limit for loans in the future, such as delaying retirement in the future, is something that the future regulators need to consider and study,” he said.
Ma Hong, a senior researcher at Zhixin Investment Research Institute, said that with the advent of aging, the age structure of today's population has undergone major changes compared with more than 10 years ago, so the corresponding age-appropriate group of buyers should also be adjusted to a certain extent.
"In my opinion, in the future, including the housing market, regulatory authorities, and financial institutions, it is really necessary to conduct in-depth research on changes in the age structure of the population, and how banks and other financial institutions can better match people's housing financial needs behind these changes," he said.