Early repayment period


 

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Early repayment period

A period of time that applies to certain types of loan during which a charge will be made if the loan is repaid in full or in part or its terms are varied at the borrower's request.



Early repayment period

Similar Matches

Monthly repayment

Monthly repayment

This is the amount you pay to your lender each month towards the cost of your loan.


Zero prepayment assumption

Zero prepayment assumption

The assumption of payment of scheduled principal and interest with no payments.


Repayment vehicle

Repayment vehicle

The means by which a mortgage loan's capital is repaid. Examples include endowments, ISAs and personal pensions.


Prepayment penalty

Prepayment penalty

A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity.


Prepayments

Prepayments

Payments made in excess of scheduled mortgage principal repayments.


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