What is Azora’s balloon payment policy?
Azora’s balloon payment policy overview
Azora allows balloon payments under specific conditions:
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Asset Age: The asset must be no older than 4 years at the time of financing.
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Maximum Balloon: Up to 40% of the asset value for loan terms of 24, 36, and 48 months. Max 30% for 60 month term. This applies to Motor Vehicles and other Category A assets only.
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Exclusions: Not applicable for visa holders or accelerate product.
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Eligible Purchases: This policy applies to both Dealer and Private Sale purchases.