Reported about 1 year ago
According to SET News on June 21, 2024, the New Qingshan housing loan, if fully borrowed at 10 million for 40 years with complete repayment, incurs an interest of up to 5.5 million. This loan option has become the preferred choice for first-time home buyers, especially with a 5-year grace period and a 40-year term as a relatively easy payment method in the market. It is advised to carefully choose the loan term based on individual financial planning and repayment strategy to mitigate the burden of interest.
Source: YAHOO