I'm not sure I know what a pay off loan is....... but I do know what it is to pay off a loan.
Could mean pay your loan off.
or
Pay the principle balance in full. They will usually deduct some of the finance charge if the loan is paid off early.
Commonly found in:
*charged off accounts
*repossession accounts
*complete loss accounts paid off by insurances
No, you cannot pay back a loan with the same loan money.
When you pay the principal on a loan, you are reducing the amount of money you owe on the loan. This helps to decrease the total amount of interest you will have to pay over the life of the loan and can help you pay off the loan faster.
“How can I pay my mortgage loan on-line?”
You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.
Failing to pay back a loan is called defaulting on the loan.
Yes, you can use a loan to pay off another loan. This is known as debt consolidation.
You must pay the loan balance out of the proceeds at the time of the sale.You must pay the loan balance out of the proceeds at the time of the sale.You must pay the loan balance out of the proceeds at the time of the sale.You must pay the loan balance out of the proceeds at the time of the sale.
It's the amount you need to pay to close your loan, usually before the term of the loan is complete.
What you do with a loan is irrelevant. You always have to pay it back.
If you don't pay a loan when due, you default on the loan.
bank loan
You must pay off the loan.You must pay off the loan.You must pay off the loan.You must pay off the loan.