The reporter learned from the Shanghai branch of the Bank of Communications that currently existing mortgages can be extended. The extension period cannot exceed half of the original loan period, and the total length of the original loan period and extension period cannot exceed 40 years. In other words, the original 30-year loan can be extended to 40 years, and the original 20-year loan can be extended to “20+10” at most. The Shanghai branch of China Construction Bank said that customers can apply for an extension of the loan period from the original loan bank through the CCB mobile banking app or offline. Notably, many banks have stated that the “age of lender plus loan term” does not exceed the threshold of 75 years. In other words, if you are applying for a new mortgage and want to apply for a 40-year term, then the lender must complete the loan issuance before the age of 35. This also means that if this standard is followed, lenders born before 1991 will no longer be able to apply for a 40-year personal mortgage when applying for a new mortgage. However, in the case of stock mortgages, the situation is different. Since the age of the lender refers to the age at the time the loan was issued, if the customer was under 35 years old when the loan was issued, the loan can still be extended to a maximum of 40 years. However, those born before 1991 don't need to worry, because the standards may be slightly relaxed when implemented by local branches. For example, a branch of the Industrial and Commercial Bank of China in Shanghai said that the standard is “lender age+loan term” of no more than 80 years.

The reporter learned from the Shanghai branch of the Bank of Communications that currently existing mortgages can be extended. The extension period cannot exceed half of the original loan period, and the total length of the original loan period and extension period cannot exceed 40 years. In other words, the original 30-year loan can be extended to 40 years, and the original 20-year loan can be extended to “20+10” at most. The Shanghai branch of China Construction Bank said that customers can apply for an extension of the loan period from the original loan bank through the CCB mobile banking app or offline. Notably, many banks have stated that the “age of lender plus loan term” does not exceed the threshold of 75 years. In other words, if you are applying for a new mortgage and want to apply for a 40-year term, then the lender must complete the loan issuance before the age of 35. This also means that if this standard is followed, lenders born before 1991 will no longer be able to apply for a 40-year personal mortgage when applying for a new mortgage. However, in the case of stock mortgages, the situation is different. Since the age of the lender refers to the age at the time the loan was issued, if the customer was under 35 years old when the loan was issued, the loan can still be extended to a maximum of 40 years. However, those born before 1991 don't need to worry, because when implemented by local branches, the standards may be slightly relaxed. For example, a branch of the Industrial and Commercial Bank of China in Shanghai said that the standard is “lender age+loan term” of no more than 80 years.