The China Chamber of Commerce and Industry Bank is one of the commercial banks in our four major countries, which provides a wide range of financial services to a wide range of clients, including individual loans. In recent years, there has been widespread concern about the information that individual loans from the trade unions can be made to the age of 75. In this article, we will analyse the subject from a number of angles and explore whether individual loans from the industry can really be borrowed to 75 years of age。

Do you think you can make a loan to 75

First of all, we need to figure out what individual loans are. Individual bank loans are financial services where individuals lend to business banks, such as housing loans, vehicle loans, consumer loans, etc. According to the National Bank Supervisory Authority, the upper age limit for individual loans by commercial banks is generally 65 years. However, as a result of population ageing, many banks are gradually easing the age limit for loans to meet the financial needs of older persons。

Next, we'll analyze the strengths and weaknesses of the workers' loans to age 75. First, there are advantages. At the time of retirement, it was difficult for older persons to have an additional source of income in addition to pensions. Loans are a more reliable option than borrowing money from relatives and friends when resources are needed for living, medical, tourism, etc. Second, borrowing to age 75 also provides older persons with more financing options, without fear that the financial situation limits their choices. At the same time, however, there are considerable risks. Individual loans typically have a relatively short duration of 5-20 years, and if older persons are unable to repay their loans during the repayment period, they will be at risk of being followed up and asked for debt, which will have a significant impact on older persons。

So, is it really credible that the comptoir can relax its loans to 75? After all, the risks and benefits of bank loans are reciprocal. At present, there is no explicit policy on the Bank ' s website to liberalize loans to 75 years of age, nor is there a specific interest rate programme. In practice, banks ' policies regarding the age of individual loans are not consistent, and some raise the age limit to 70 years, but they have not issued a policy to raise it to 75。

So, why is this news going on? On the one hand, it may be that, in the particular circumstances of the day-to-day business, the Bank eases the age limit to meet client needs, depending on the level of the borrower and the ability to repay. On the other hand, it may also be false advertising by some commercial intermediaries to attract customers。

In short, personal loans are not bad for older persons, but they need to be considered carefully. When considering individual loans, it is important to have information on bank policies, interest rates and borrowing rules, and to select credit institutions that are credible. Full consideration should be given to their ability to repay and the risks posed by the continued failure to pay off loans after maturity should be avoided。