What is what does it mean when a loan matures?

When a loan matures, it means the loan has reached its final payment date. This is the date specified in the <a href="https://www.wikiwhat.page/kavramlar/loan%20agreement">loan agreement</a> when the borrower is expected to fully repay the outstanding <a href="https://www.wikiwhat.page/kavramlar/principal%20balance">principal balance</a>, along with any remaining <a href="https://www.wikiwhat.page/kavramlar/interest">interest</a>. At maturity, the borrower's obligation to make regular payments ceases, and the loan account is closed after the final payment is successfully processed. Reaching maturity is a key milestone in the loan lifecycle.