China
Loan term
The time you have to repay the loan in full, counted in months or years.
A longer term lowers the monthly payment but raises the total interest, because the balance is paid off more slowly. Your bank decides the longest term it will offer.
In the calculator, enter the term in years and watch how the monthly payment and the total interest move.
Related terms
- Annuity / equal installments
A repayment method in which every monthly payment is the same amount, principal and interest together, as long as the rate stays the same.
- Declining balance
A repayment method: the same principal every month plus interest on what is still owed, so the first payment is the highest and each later one smaller.
- Loan-to-value (LTV) / down payment
Loan-to-value is the loan amount divided by the value of the home. The down payment is the rest of the price, paid with your own money.
Learn more
- Declining balance vs annuity: which fits your cash flow
Two ways to repay a home loan in Vietnam: how the monthly payment moves, how total interest compares, and when each one makes sense.