How long is the term for a long-term loan?

Question: According to the provisions of the law, what is the term length for long-term loans? Looking forward to your prompt response.

At Article 10 of Circular 39/2016/TT-NHNN, it stipulates:

Credit institutions shall consider and decide on lending to customers according to the following types of loans:

Short-term loans are loans with a maximum loan term of 01 (one) year.
Medium-term loans are loans with a loan term of more than 01 (one) year and up to 05 (five) years.
Long-term loans are loans with a loan term of more than 05 (five) years.

=> Therefore, the loan term for long-term loans is more than 5 years.

Sincerely.

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