Prepayment
Paying part or all of a loan earlier than scheduled to reduce interest.
Finance & Accounting
Loan Simulator Glossary
Terms for testing loan options before committing to one.
5 terms · Updated 12 November 2026
P2 terms
Principal
The original amount borrowed, not including interest.
R1 term
Repayment Schedule
A table listing every instalment with its due date and amount.
S1 term
Scenario Comparison
Viewing several loan options side by side to compare cost and repayment.
T1 term
Tenure
The length of time over which a loan is repaid.
No matching terms found.
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