The minimum amount the borrower is required to repay. Repayments may be due monthly or fortnightly depending on your contract.

Level repayments with a reducing interest (the common method for home loans) component is known as credit foncier.

Monthly repayments of a credit foncier loan can be calculated with the following formula:

monthly repayments = amount borrowed/ (1-1/(1+i^n)/i)


i = monthly interest rate as a decimal
n = number of months