Posted on

Balloon Payment Meaning

Explore the various options you have with wesbank balloon refinance. find out more about this payment option right here.

A final loan payment that is significantly larger than the payments preceding it. n a large payment that concludes a series of smaller payments, for. Balloon payment – definition of balloon payment by The Free Dictionary

Balloon Payment. The final installment of a loan to be paid in an amount that is disproportionately larger than the regular installment. When a loan is made, repayment of the principal, which is the amount of the loan, plus the interest that is owed on it, is divided into installments due at regular intervals-for example, every month.