maturity of a loan

The term 'vencimiento de un préstamo' in Spanish translates to 'maturity of a loan' in English. This refers to the date on which the final payment of a loan is due. The borrower is expected to settle the remaining balance of the loan by this date, ending the loan agreement. Depending on the type of the loan, the 'maturity of a loan' could take various forms. It could mean the end of a mortgage term or the expiration of a personal loan, for example. This term is crucial in financial planning, as it enables both parties involved to manage their funds effectively over the duration of the loan.

Example sentences using: vencimiento de un préstamo

El vencimiento de un préstamo está programado para el próximo mes.

The due date of a loan is scheduled for next month.

This phrase indicates when the loan is expected to be paid back, emphasizing the importance of knowing the repayment schedule.

Antes del vencimiento de un préstamo, es recomendable revisar las opciones de pago.

Before the due date of a loan, it is advisable to review payment options.

This sentence suggests that approaching the loan's due date is a good time to consider different ways to manage or repay the loan.

El banco me envió un recordatorio sobre el vencimiento de un préstamo.

The bank sent me a reminder about the due date of a loan.

This example highlights the responsibility of the bank to keep borrowers informed about their loan repayment timelines.