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Balooning repayment loan is a loan in which the repayments are structures and generally increase over the period of time , Its generally less initially and increase substantially . It could be short or lonag term .
A loan for which one significant lump sum payment is due at maturity.
It is a type of loan in which repayment does not spread over the term of the loan.At maturity, full amount is repayable.Short term loans can be availed as balloon loans,as they carry less interest rate than the corresponding long term loan.
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