Balloon Payment DefinitionA: balloon payment is a type of loan in which the borrower makes payments over an extended period of time, and then pays off the loan in full with one lump sum at the end. Car loan balloon […]
Car financing: what to look out for
Most drivers should already be familiar with it: the car loan. It is one of the installment loans and as such is repaid to the bank in constant monthly installments over a contractually agreed term. Motor vehicle loans are designed […]