Prepayment Privilege

1 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

Prepayment Privilege Loans Mortgage Real Estate Financing Borrowers Early Loan Payment

Prepayment Privilege refers to the right of a borrower to retire a loan before its maturity date without incurring any prepayment penalty. This feature provides borrowers with the flexibility to pay off loans faster, potentially saving on interest costs over the life of the loan.