Sentences with phrase «end of the term of the loan»

The three examples are about a loan taken out of an item and how much you will need to pay back at the end of the term of the loan.

If you're near the end of the terms of a loan, you may not save money by refinancing.

At the end of the term of the loan, the remaining outstanding principal on the loan is due.

Bullet repayment loan A «bullet repayment loan» is one where the borrower repays the capital in one chunk at the end of the term of the loan.

3If repayment of the loan is amortized over a period longer than 15 years for real property loans, the CSBFL must be fully repaid no later than the end of the term of the loan.

At the end of the term of the loan, the lender is entitled to be paid back.

In a home equity loan you make the same payment each month, and by the end of the term of the loan you have paid off the entire balance.

The principal and interest portion of any skipped payment will remain outstanding until the end of the term of your loan at which time the skipped payment must be repaid.

If the vehicle is purchased through finance the lender will dictate the coverage that you must have until the end of the term of the loan.

At the end of the term of the loan, the remaining outstanding principal on the loan is due.

This normally encourages an individual to refinance prior to the end of the term of the loan.

The reason for the significant outstanding balance at the end of the term of the loan is because the loan amount is amortized over a significantly longer period than the actual term of the loan.

Term of the loan: 10 years Fixed interest rate: 6.5 % Term used for mortgage loan amortization: 30 years Annual loan payment: # 26,802.10 Balance due at the end of the term of the loan: # 295,319.19

Term of the loan: 5 years Interest rate: 7 % Full principal due at the expiration of the term of the loan: # 350,000 Interest - only annual payment: 350,000 x 0.07 = # 24,500 Balance due at the end of the term of the loan: # 350,000