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The terms of repayment, including the schedule of payments and payoff date, will be specified in the promissory note of the individual loan. If a loan is "matured", the scheduled of payments should be completed. Any outstanding balance can be demanded in full by the lender if there are no further terms specified for repayment in the promissory note. The lender could always grant leeway to the borrower, but is under no obligation to do so.
Basically the lender would hold all the cards. The borrower's rights are generally limited to those set forth in the promissory note.
What else can I help you with?
Do paid off student loans count towards the aggregate student loan limit?
yes and no but mainly no
How long will it take to pay off my loan if I pay extra?
The time it takes to pay off your loan will be shorter if you make extra payments.
What is refinancing an existing loan?
Obtaining a new loan to pay off an old loan using the funds from the new loan. Any time you take old money owed and pay it off with new money owed you have refinanced.
How long will it take to pay off my loan with extra payments?
The time it takes to pay off your loan with extra payments depends on the amount of the extra payments and the interest rate of the loan. Generally, making extra payments can help you pay off your loan faster and save money on interest.
What are deferred payments?
Putting off payments until the end of a loan or to be paid over the course of the remainder of the loan. This will not effect the balance of the loan but there may be fees for not paying on time.
Is there a limit to how many payday loans you can have?
As long as you are paying off your loan on time,you may have more loans from that company.
Do paid off student loans count towards the aggregate student loan limit?
yes and no but mainly no
Does a car loan go away after time?
Yes. When you pay off the loan, then it goes away.
Can flower petals carry seeds?
no, in most instances the inflorescence is already dead and has fallen off by the time the seeds have matured
Does paying off your auto loan affect your credit score?
Yes, for the better. Any loan that is paid on time or paid off is a plus.
How long will it take to pay off my loan if I pay extra?
The time it takes to pay off your loan will be shorter if you make extra payments.
According to the Business Dictionary what is the definition and meaning of time loan?
According to the Business Dictionary the definition of a time loan is a loan that is given to someone when they only have a certain amount of time to pay it off.
Can you pay off a private student loan all at once within the same year that you took the loan out?
If it was drawn up as a "simple interest loan" you can pay it off in full at any time.
What is refinancing an existing loan?
Obtaining a new loan to pay off an old loan using the funds from the new loan. Any time you take old money owed and pay it off with new money owed you have refinanced.
Are there penalties for prepaying a bad credit auto loan?
There are no penalties for prepaying a bad credit auto loan. It is beneficial to pay off the loan sooner or on time.
How long will it take to pay off my loan with extra payments?
The time it takes to pay off your loan with extra payments depends on the amount of the extra payments and the interest rate of the loan. Generally, making extra payments can help you pay off your loan faster and save money on interest.
Is there a time limit in the amount of time a ski jumper can wait before they have to jump or come off the platform?
yes there is a limit, they have 45 seconds to jump.
