How many years do couples tend to choose for home loan? Also supposing we choose 25 yrs, but along the way we are able to pay it earlier, will there be extra charges?

Ask for the different options to see the figures, pick the one that suits the best for you. should be able to repay in lump sum along the way, penalty differs.

Couples typically choose home loan durations of 15, 20, or 30 years. Most usually opt for max tenure (30 years) as the monthly payment is lower.
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Here are some other factors you need to consider before locking the right loan: - Property type

• Fixed vs floating interest rate

• Bank vs HDB loan

• Lock-in period of the loan package

• Total debt servicing ratio
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For HDB loans, there is no penalty for early repayment.

I took bank loan due to when market lower interest rates its cheaper than HDB 2.6%. But note u will need to pay 25% downpayment.

Bank has a lock-in period, but typically 1-3 years. If you refinance with another loan, you may incur penalty. If you repay earlier, there wont be extra charges.

HDB loan has an eligibility income ceiling, while bank loan no income cap.

Max tenure for HDB is 25 years, for bank it can be up to 30 years.

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I typically view such loans as a 'good loan' with the low interest rate. It may not be that difficult to invest and get a higher interest gains. As such, you may want to just go for a longer loan period. For some people who doesnt like debts, then yes they can just pay it off earlier.

If you are referring to HDB loan, no penalty for early repayment.