Due amount Term Meaning in Real Estate - Guide

Money to be paid on a specific date is called as due amount on that date.

Kopal Cheema

7 years ago

Published Date: Apr 02, 2018

Updated Date: Mar 27, 2024

Due amount is the total money outstanding for a good or service to be paid at the due date.

While credit card repayments have the concept of minimum due amount and total due amount, loan repayments do not follow suit. When paying back a home loan, the borrower is supposed to pay a fixed due amount every month which includes principal amount along with interest.

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