loan repayment
Paying back borrowed
Loan repayment is the act of paying back borrowed money, typically in scheduled installments that include principal and interest.
The term covers both the process and individual payments: monthly loan repayments, a loan repayment plan.
Failure to make loan repayments leads to default and damaged credit.
- installmentPeriodic partial payment
- minimum paymentLowest acceptable installment amount
- borrowerOne who takes temporarily
- student loansBorrowed funds for tuition
- amortizationGradual debt reduction schedule
interest · fixed rate · prepayment · credit score · forbearance · lender · promissory note · late fee · principal · balloon payment · debt restructuring · tight budget · budgeting · guarantor · financial stability · fresh start · debt-to-income ratio · deferment
- money managementsaving, savings, budgeting, budget planning, expense tracking
- lendingloans, borrower, approval, lenders, lender
- debt paymentsmortgage payment, car payment, minimum payment, monthly payment, installment payments
- loan paymentsmonthly payment, minimum payment, payment schedule, principal payment, interest payment
- money transfersbank transfer, wire transfer, fund transfer, electronic transfer, direct deposit
- employee benefitshealth insurance, pension, 401k, 401(k), retirement
loan repaymentdefault
Preset standard option
loan default · nonpayment · delinquency · bankruptcy · foreclosure
loan repaymentgift
Item given freely
grant · loan forgiveness · donation · handout · forgiveness