"To service the loan" means to make regular payments, usually monthly, to repay the borrowed amount of money plus interest over a specific period of time. Full definition
In 2007, a countdown of sorts began for workers in the federal public service loan forgiveness program. (nytimes.com)
The rules involve a stress test for all insured mortgage applications to ensure the borrower can still service their loan in the event interest rates rise or their personal financial situation changes. (moneysense.ca)
The company services a loan portfolio of more than $ 52 billion and has over 300 loan origination experts in regional offices coast - to - coast. (reforum-digital.com)