Loan Payment Invoice Template

The loan payment invoice is used by a creditor to bill a borrower for an installment that is due on a balance owed. The payment will consist of the apportioned interest and principal owed by the borrower. If not paid by the due date, usually within fifteen (15) or thirty (30) days, the creditor will be able to seek a late payment and, depending on the terms of the loan agreement or promissory note, make a claim that the borrower is in default.