pelunasan

Pelunasan is the act of settling an outstanding financial obligation by paying the remaining balance owed to a creditor. In finance, it commonly refers to paying off loans, credit lines, or financing installments, and can occur before the scheduled due date or when the term ends.

Common forms include pelunasan penuh (full settlement), where the entire outstanding amount is paid and the debt is extinguished, and pelunasan sebagian (partial settlement), where a portion is paid and the remaining balance is adjusted. Early settlement, sometimes called pelunasan dipercepat, may be requested by the debtor or required by the creditor. Terms vary and may involve prepayment penalties, waivers, or calculation of interest adjustments according to the contract.

Process and effects: after payment, the creditor recomputes the outstanding principal, accrued interest, and any applicable fees. When the payment clears, the account is marked as settled; upon full settlement, liens or guarantees may be released and a settlement statement or release document is issued.

Beyond individual loans, pelunasan may apply to other liabilities such as supplier invoices, bonds, or government or corporate debt obligations, though the term is most commonly used in consumer finance and lending agreements. The concept emphasizes the reduction or elimination of future payment obligations through a completed payment.