Real Estate Financing
Prepayment Penalty
Short Definition
Fees imposed on borrower if loan repaid before due date, compensating bank for lost interest, lower in Islamic loans.
In Other Languages
Arabic
غرامة السداد المبكر
رسوم تفرض على المقترض إذا سدد القرض قبل الموعد، تعوض البنك عن الفوائد المفقودة، تنخفض في القروض الإسلامية.
English
Prepayment Penalty
Fees imposed on borrower if loan repaid before due date, compensating bank for lost interest, lower in Islamic loans.
Turkish
Erken Ödeme Cezası
Borçluya, kredinin vadesinden önce geri ödenmesi durumunda uygulanan ücretler; kayıp faiz için bankayı tazmin eder, İslami kredilerde düşüktür.