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A loan balance is the amount left to pay on your a borrower's loan. Every loan you take a borrower takes out will have a loan balance up until the loan is completely paid off. Your A borrower's loan balance changes on a daily basis because interest is added daily. An outstanding loan balance refers to a past due amount. If you are a borrower is late on your his/her loan payments, you are he/she is probably looking at a notice referring to your his/her outstanding loan balance.