Short-term loans are a type of loan that you pay back over a short time period. Loan amounts are low, and they need to be paid back within a year. Payments are fixed. This means you pay your lender the same amount each week or month. You do this until the loan is repaid. Unlike a traditional personal loan, which you generally pay back over several years, a short-term personal loan is designed to be repaid within a year, or even just a couple of weeks depending on the loan. If the lender approves your loan request, you’ll get a loan offer, including an interest rate and term.
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Short Term Loans
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