"Loan payback" refers to the process of returning or repaying the money borrowed from a lender, usually with interest, within a specific timeframe. Full definition
Use the graph on the next page to see how different loan payback periods (terms) and down - payment amounts will impact your monthly payments.1 Auto loans have a minimum loan term of 12 months and minimum loan amount of $ 3,000. (usbank.com)
In the past few years, the federal government introduced several new student loan payback plans that base payment amounts on borrowers» income, aimed at helping these borrowers pay back their loans without being crushed by debt. (wisebread.com)