A repayment schedule is a plan that shows how and when to return borrowed money. It describes the timeline and amounts of payments to be made to fully pay off a loan. Full definition
Most mortgages come with repayment schedules of either 15 or 30 years, with most borrowers opting for 30 - year terms. (valuepenguin.com)
To keep your debt repayment plan on track, choose a fixed repayment schedule with the shortest time frame you are comfortable with to help you repay your debt sooner. (rbcroyalbank.com)
You begin to repay the loan at the end of the fifth year under a standard loan repayment schedule of 10 years. (cheapscholar.org)