Loan Term

The loan term is the period from the disbursement of the loan to the full repayment of the debt. Depending on the amount of the repayment rate and the chosen repayment amount, the loan term varies.

It's important to note that fixed interest binding is not the same as the loan term. This is often confused. During this period, the interest rate is firmly agreed upon. Once the period expires, the interest rate is renegotiated for the remaining balance (or you repay it). Therefore, the loan term can be much longer than the interest binding period.

If you want to secure interest rates for the entire loan term, a full repayment loan might be interesting for you.