Maturity Date

The maturity date of a loan is the final date on which the principal amount of the loan must be repaid in full to the lender. It marks the end of the loan term, after which any outstanding balance is due. The maturity date can vary depending on the type and terms of the loan, ranging from a few months to several decades. If the borrower cannot pay the remaining balance by the maturity date, they may need to negotiate an extension, refinance the loan, or face potential default consequences.