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Bullet loans are common, and usually referred to by other names; bullet loan is a generic and unofficial term. Many types of publicly traded bonds and notes constitute bullet loans: the face value of the bond is payable at bond maturity, and only interest payments are due during the interim periods.
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In a bullet loan, one can choose to pay only the interest amount, and the bulk amount can be paid later at the time of the maturity of the loan or as agreed by the financial institution. This arrangement is convenient to individuals who are expecting a huge cash flow in the form of bonuses or fixed
58:, where the amount of principal is paid down over the life of the loan. There is no requirement that a loan be either a bullet loan or an amortizing loan; combinations of all sorts exist. For example, a loan may have a
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due to concerns regarding
Chinese banks' risk management capabilities. This extends only to lending to retail, commercial, and government clients, while not including the issuance of bonds or notes.
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during which no principal is paid; partial amortization during the remainder of the loan; and a bullet payment at the end of the loan that is some percentage of the original principal.
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returns in some months. It lowers the borrower's monthly financial burden. It is also sometimes known as
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of the loan, and sometimes the principal and interest, is due at the end of the loan term. Likewise for
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Short-term bonds or notes that pay no interest are also a form of bullet loan.
149:"Loan without EMIs? Yes, you heard it right! Here's how you can avail it"
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The payment that is due at the end of the loan is referred to as the
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In China, certain types of bullet loans have been prohibited by the
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100:"Insurers brace themselves for oncoming 'bullets.'"
102:. Los Angeles Business Journal. Archived from
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20:is a loan where a payment of the entire
172:KPMG Mainland China Banking Survey 2011
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54:Bullet loans should be contrasted with
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67:China Banking Regulatory Commission
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130:September 19, 2007, at the
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98:Howard, Bob (1993-04-26).
16:In banking and finance, a
79:Balloon payment mortgage
138:(Financial Dictionary).
153:The Financial Express
136:The Language of Money
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18:bullet loan
183:Categories
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110:2018-08-10
85:References
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128:Archived
73:See also
189:Banking
30:credit
194:Loans
38:EMI
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