The length of your home loan term determines how much you pay monthly and how much interest you would have paid when you finished servicing your loan. The typical home loan term is around 25 to 30 years.
However, it is important to consider this when deciding how long you want to pay for your home loan: a longer loan term will shrink your monthly payments but would mean a larger interest accrued by the end of the term. On the other hand, the shorter the loan term, the higher the monthly repayments and lower overall interest.