Loans
Personal Loans Student Loan Refinance Auto Refinance Mortgages Mortgage Refinance
Credit CardsSavingsCredit Score
Learn
Learn

>

Glossary

>

L

>

Loan Deferment

Loan Deferment

The act of temporarily freezing payments on a loan, to keep the loan in good standing and to avoid late fees and penalties while a borrower is unable to make regular payments. Loan deferment does not forgive a loan, and can also result in accumulating interest charges.

Related Products

Loans Graphic
Loans