Also means
monthly repayment
Usage Note
Kreditrate is the fixed monthly amount a borrower pays toward a loan, covering both principal (Tilgungsanteil) and interest (Zinsanteil). Missing a Kreditrate can trigger penalty charges.
Examples
"Die Kreditrate wird automatisch vom Konto abgebucht."
Natural Translation
The loan instalment is debited automatically from the account.
Literal Translation
The loan-instalment is automatically from-the account debited.

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