What Is a Maturity Date on a Loan?


A loan maturity date refers to the final date for making payments of a loan. All the interest accrued on a given principal should be paid. It tells you when you get your principal back and for how long you will receive interest payments.
Q&A Related to "What Is a Maturity Date on a Loan"
Most mortgages range from 15 to 30 years, but there are shorter mortgages, as well as mortgages that extend past 30 years. If you have a standard mortgage, the last payment will be
A convertible note is technically a loan, and all loans need to end at some point in the future. Though the goal of a convertible note is to ultimately be exchanged for equity, it
1. date on which the principal amount of a note, draft, acceptance bond, or other debt instrument becomes due and payable. Also termination or due date on which an installment loan
When you reach that maturity date don't sweat trying to make an exact payment. If you pay a couple of bucks extra - they will mail you a check for anything you overpaid. /.
2 Additional Answers
Ask.com Answer for: what is a maturity date on a loan
What Is the Loan Maturity Date for a Home Loan?
Every mortgage financing agreement outlines terms and conditions including the loan maturity date, which is the date when your loan principal must be paid in full. With most mortgage agreements the loan maturity date represents your final payment to... More »
Difficulty: Easy
Source: www.ehow.com
Maturity date on a loan refers to termination date or when a loan or an installment has to be paid in full. All the interests plus other charges including the actual installment has to be paid before or on this date. A loan that is not settled after maturity date carries heavy penalties to the loaned.
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com