Capital Repayment

Search for glossary terms (regular expression allowed)
Begin with Contains Exact termSounds like


Term Definition
Capital Repayment
There are 2 ways of repaying a mortgage; capital repayment or interest only.

With a capital repayment mortgage, the capital and interest elements of the loan are paid off with each monthly instalment, so that the balance reduces over time. At the end of the mortgage term the balance will be nil