A loan that requires the borrower to make small monthly payments that are usually enough to cover the interest,with the balance due at maturity is called a

Name: A loan that requires the borrower to make small monthly payments that are usually enough to cover the interest,with the balance due at maturity is called a
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A balloon note is a type of loan where the borrower makes small monthly payments, typically covering only the interest, with the remaining balance due at the end of the loan term.

A Loan That Requires the Borrower to Make Small Monthly