A repayment schedule sets out when payments are due and how they relate to principal, interest and charges. Check whether amounts remain level or change during the term.

Some arrangements include an initial interest-only period or a larger final payment. These features can reduce early payments while leaving a substantial later commitment.

Compare the schedule with expected cash flow and keep track of any changes agreed with the lender. Knowing the due dates helps avoid preventable pressure.

Key takeaways

  • A repayment schedule sets out when payments are due and how they relate to principal, interest and charges.
  • Some arrangements include an initial interest-only period or a larger final payment.
  • Compare the schedule with expected cash flow and keep track of any changes agreed with the lender.