Loan maturity date is when the final payment on a loan is due, marking the end of the repayment period and the borrower’s obligations.
For example, a business that took a $150,000 term loan in January 2021 with a 5-year term has a loan maturity date of January 2026. On that date, all remaining principal and any outstanding fees must be fully repaid or the loan must be renewed under new terms.
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