Phrases with «minimum repayments»

The phrase "minimum repayments" refers to the smallest amount of money you need to pay each month towards a borrowed amount, such as a loan or credit card debt. It is the minimum required payment to avoid penalties or late fees, but paying only the minimum can result in a longer repayment period and more interest paid overall. Full definition

minimum (parent phrase)
repayment (parent phrase)

minimum repayments

Related phrases

minimum monthly repayments

Sentences with «minimum repayments»

This is unlike a credit card where you can make minimum repayments only, and so the debt may last for 10, 20 or 30 years. (moneysmart.gov.au)
To see if they offer reasonable monthly charges check their base interest rates, penalties, and minimum repayment amounts. (debtfirms.com)
Even during the 0 %, you MUST still make at least the monthly minimum repayments (preferably more)-- 0 % doesn't mean nothing to pay. (moneysavingexpert.com)
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Phrases with «minimum repayments»

Related phrases

Sentences with «minimum repayments»

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