I do most of my banking online. Today when I logged on, I noticed that it says "matured" beside my car loan. (I only have 2 payments left, whoo hoo! The car will be completely paid for by January 10.) What does matured mean?
2007-12-08 05:26:48 · 4 answers · asked by MaryM. 1 in Business & Finance ➔ Credit
A loan has matured when a payment is due. In other words" You have used our money so we expect payment." When the final payment has been made you may get a notice" Loan payments completed. Thank you for your business." If a note issued by a municipality or government matures , their interest paying obligations are over, Make sure you ask for the principal immediately.
2007-12-08 05:49:04 · answer #1 · answered by googie 7 · 0⤊ 0⤋
Matured Meaning
2016-10-28 19:09:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A matured car loan mean the maturity date...meaning the last payment due on account. At times people may defer payments and extend the loan past the maturity date. But, that's all it means.
2007-12-08 05:32:06 · answer #3 · answered by STACEY O 2 · 0⤊ 0⤋
many times when a loan has matured, its refering to the interest rate
2007-12-08 05:30:03 · answer #4 · answered by NicoleY. 5 · 0⤊ 0⤋
It has reached it's date or agreed time, this will also give you points for completing your contract, well done
2007-12-08 05:32:24 · answer #5 · answered by Anthony M 4 · 0⤊ 0⤋
It means you aren't paying interest any more.
2007-12-08 05:29:29 · answer #6 · answered by Anonymous · 0⤊ 0⤋
that its paid off.
2007-12-08 05:36:46 · answer #7 · answered by Anonymous · 0⤊ 0⤋