09:27 Jan 6, 2010 

What in German is known as "annuitätische Tilgung" is England and Wales (don't know if Scotland is different) the common method by which a residential repayment mortgage is paid off. (unless the interest rate changes) each month you pay the same amount, however, during the term of the loan the proportion of each payment going to repayment of the principal gradually increases. In Germany, however, residential mortgages are commonly structured whereby the amount of principal paid off each month remains the same, hence, it is common to agree "1% Tilgung". HTH

22:37 Jan 5, 2010 

...what type of loan is being paid.

22:22 Jan 5, 2010 

“annuitätische Tilgung” (eines Darlehens) has nothing to do with annuities other than the fact that the loan is repaid in a fixed-number, fixed-amount, i. e. EQUAL periodic instalments, each of which consist of a (loan )Principal portion and a (loan) Interest portion. While the amounts of the instalments remain constant for all scheduled loan amortizations , they are apportioned unequally as to the amounts applied to (loan) interest and to (loan) principal due at each scheduled loan amortization date.

00:09 Jan 5, 2010 

annuity repayment??