What is balloon repayment while taking a loan? | Pay the outstanding amount later |IIFL Finance

A balloon payment is a lump sum principal balance that is due at the end of a loan term. The borrower pays much smaller monthly payments until the balloon payment is due. This process is the most preferred currently by loan takers due to the convenience it comes with. Subscribe for such more insightful content.

गुब्बारा भुगतान एकमुश्त मूलधन शेष है जो ऋण अवधि के अंत में देय होता है। गुब्बारा भुगतान देय होने तक उधारकर्ता बहुत कम मासिक भुगतान करता है। अपनी सुविधा के कारण यह प्रक्रिया वर्तमान में ऋण लेने वालों द्वारा सबसे अधिक पसंद की जाती है। ऐसी अधिक ज्ञानवर्धक सामग्री के लिए सदस्यता लें।

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Chapters
00:00 Introduction
0:30 - 0:40 Calculation of outstanding amount
0:40 - 1:27 Whom is it ideal for?
1:27 - 2:08 In what cases can you get a balloon payment?
2:08 - 2:46 Conclusion

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Disclaimer
The video is intended for suggestive and general informational purposes only and is not a source of credit analysis with respect to material presented and the information in the video does not constitute an investment advice. The contents of the video are provided on an 'as is' basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Viewers are advised to consult with professional advisers before making any decision. IIFL Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the content of this video and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment suffered by any viewer.