Download Balloon Loan Agreement Template

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The balloon loan agreement allows for a sum of money to be borrowed by someone else for a period of time and for the repayment to be made to the creditor in one large sum. To figure out the maximum allowable interest rates allowed you will need to see the usury rates by State.

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The way to calculate the payment is as follows;

Principal Amount Times (x) Interest Rate (%) Times (x) Term of the Loan = Balloon Payment

Download (PDF, 25KB)

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