Yes

Personal housing loan repayment starts from the next month after the loan is taken. There are two repayment methods for personal housing loans, namely the equal principal and interest repayment method with a fixed monthly principal plus interest and the equal principal repayment method with the same monthly principal. Currently, banks commonly use the equal principal and interest repayment method. Because within the same loan period, using this repayment method, the monthly repayment amount is fixed and easy to remember, so the borrower will have less initial repayment pressure. The formula for equal principal and interest repayment: monthly repayment = loan principal × monthly interest rate × (1 + monthly interest rate) total number of repayment months ÷ { (1 + monthly interest rate) total number of repayment months - 1} Personal housing loans executed by banks The maximum term is 30 years, and the monthly interest rates are: 4.185‰ for 1 year, 4.32‰ for 2 and 3 years, 4.3875‰ for 4 and 5 years, and 4.59‰ for 6 to 30 years.