The phrase "month loan" refers to borrowing money from someone or a financial institution for a period of one month. It means that you have to repay the borrowed amount, along with any interest or fees, within a month. Full definition
As a result, 57 percent chose a six - month loan with a higher APR over a longer - term loan to minimize total interest costs, fees, and expenses. (ondeck.com)
Some auto lenders are considering a jump to offering 84 - month loans for new cars and trucks. (lendedu.com)
Borrowers should be wary of any lending company that offers six month loan terms with steep renewal fees every six months thereafter as this results in very high overall loan costs. (montegra.com)