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Demand LoansThis is a discussion on Demand Loans within the Credit Problems and Repair forums, part of the Mortgage and Loans Forum category; Demand loans are loan agreements that provide the lender with the ability to demand full payment of the remaining balance ... |
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Demand loans are loan agreements that provide the lender with the ability to demand full payment of the remaining balance of the loan at any point in time after the loan is executed. Unlike an installment loan, the demand loan format does not include a specific maturity date and may not include a specific schedule for making payments to retire the debt. Sometimes referred to as a call loan, a demand loan is usually employed when the lender and borrower have a long standing and positive business relationship, and the lender has confidence that the borrower will pay off the loan within a reasonable period of time.
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