Loan Payment Invoice Template
A loan payment invoice is a form that allows a borrower to make a payment on a current loan. The invoice should detail the balance of the loan after payment is made and include the initial principal loan amount. Use this invoice every time a payment is made on the loan.
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What is a Loan Payment?
A loan payment is an amount needed to pay off the current balance owed on a loan, which is usually done on a monthly basis until the full amount of the loan is paid off. A loan payment is a calculated portion of the principal loan amount that includes interest. Interest is how the lender makes money by lending the borrower a loan. When making a loan payment, either by check or online, there needs to be proof showing the loan payment as paid which is where a loan payment invoice is helpful. The borrower should be notified to keep a record of all the loan payment invoices until the loan is settled. Use a loan payment invoice when making a payment on any of the following loan types:
- Car (auto) Loan Payment
- Student Loan Payment
- FHA Loan Payment
- Home Loan Payment
- Personal Loan Payment
Loan Payment Calculator
Loan Officer Salary
A loan officer is a person that works for a financial institution that’s in charge of issuing loans to borrowers. As of 2019, there are estimated to be about 305,000 people working as loan officers in the United States. Salary: $80,570 Hourly Rate: $38.74 (Source: Bureau of Labor Statistics)