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Can the maturity date of a loan be renegotiated?
Curious about Maturity date
Yes, the maturity date of a loan can be renegotiated under certain circumstances. The lender and borrower can come to a new agreement to change the terms of the loan, including the maturity date. This could involve extending the maturity date to give the borrower more time to repay the loan, or shortening the maturity date if the borrower wants to pay off the loan earlier than originally planned. However, it's important to note that any changes to the maturity date of a loan would require agreement from both parties and may involve additional fees or interest charges.
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