Nov 9 2016

Loan Term Definition – Time Period and Specifics of a Loan #easy #loans

#short term loan # Loan Term By Justin Pritchard. Banking/Loans Expert Justin Pritchard helps consumers navigate the world of banking. A loan’s term can refer to two things. First, it tells you how long the loan will exist. It can also refer to requirements and specifics of the loan agreement . Time as Loan Term When you hear about a loan’s term, you’re most likely hearing about time. How long will the loan last? It can last for its entire term. Auto loans often have 5 or 6 year terms. However, loans can last for any number of years — …