A limit on the amount of interest that can be levied on a variable rate loan.

对可变利率贷款能够征收的利息额的限度。

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Unlike with a variable-rate, Western-style loan, the borrower knows from the start how much the total payments will be (though of course fixed-interest loans are hardly unknown in the West).

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And the way the program works now, before these changes go into effect, is that the loan program has a variable rate with a cap of 8.25 percent.

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The basis of any mortgage, whether you opt for a fixed, variable or tracker rate, is how you intend to repay the loan.

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