Recently, there was market news that borrowers born before 1991 cannot apply for a new 40-year mortgage. As a customer, the reporter consulted many banks in Shanghai, including major banks, stock banks, and urban commercial banks, and learned that different banks have different age requirements for borrowers in terms of mortgage terms. A number of bank staff also told the reporter that currently no specific implementation rules for the new mortgage policy have been introduced within the bank, and they may have to wait a few more days before they can be accepted and approved in accordance with the new policy.

Recently, there was market news that borrowers born before 1991 cannot apply for a new 40-year mortgage. As a customer, the reporter consulted many banks in Shanghai, including major banks, stock banks, and urban commercial banks, and learned that different banks have different age requirements for borrowers in terms of mortgage terms. A number of bank staff also told the reporter that currently no specific implementation rules for the new mortgage policy have been introduced within the bank, and they may have to wait a few more days before they can be accepted and approved in accordance with the new policy.