Prepayment is settling debt or expenses before official due date. Companies prepay rent, wages, and revolving credit. Individuals prepay credit cards, mortgages, and auto loans. Taxpayers make prepayments through withheld taxes
Budget is a plan for every dollar you have. It organizes expenses and savings goals into manageable system
ICICI Bank offers various loan options including savings, home, car, and two-wheeler loans. Account statements available up to last 4 years through online banking. Loan status can be tracked through ICICI Track My Loan portal
Foreclosure is a legal process where lender forces sale of collateral to recover loan balance. Lender terminates borrower's equitable right of redemption through court order or law. Process typically starts with missed payments, moves to sale, ends with redemption period