demand loan
Repayable anytime borrowing
A demand loan is a loan with no fixed repayment date—the lender can demand full repayment at any time, and the borrower can repay at any time without penalty.
Interest typically accrues until the principal is repaid.
Banks use demand loans for short-term business financing where flexibility matters more than predictable terms.
- callableSubject to early redemption
- repaymentGiving back what's owed
- pay backReturn money owed
- lenderOne who loans money
- borrowerOne who takes temporarily
interest · interest rate · principal · collateral · promissory · banker · credit · credit line · overdraft · maturity · unsecured · short-term · short notice · liquidity · cash flow · notice · flexible · easy money
demand loaninstallment loan
Debt repaid in portions
term loan · installment plan · long-term loan · balloon loan · mortgage
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