Sentences with phrase «short term loans tend»

Short term loans tend to have higher interest rates so they should only be taken out in emergency situations and only when you can afford to pay them back.

Short term loans tend to be for smaller amounts such as an overstretched month or small purchase.

Not exact matches

According to Arif Mulji, vice-president of business development, Amur's fortunes vividly reflect some of the forces that have dominated Canada's economy in recent years: Its customers tend to be people looking for short - term mortgages, home renovation loans or debt consolidation.

Some lenders tend to focus on either long - term loans or short - term loans.

Home loans with shorter terms or adjustable rate structures tend to have lower average interest rates.

For example, they tend to cause the prime interest rate to rise, which affects credit card and short - term loan interest rates.

This periodic adjustment means that, unlike traditional fixed - income securities, floating - rate loans tend to hold their value when short - term interest rates increase, all else being equal.

Margins tend to be higher for riskier loans, less creditworthy borrowers, and shorter term loans.

Because lenders offer the best rates on loans with shorter repayment terms, borrowers who are out to maximize their savings tend to choose a loan with the shortest repayment term that they can reasonably afford.

Margins tend to be higher for riskier loans, less creditworthy borrowers, and shorter term loans.

Since they are very short term secured loans, they tend to have a large interest rate compared to other sources of credit.

An unsecured loan is one that is not tied to any assets, these tend to be short term and for smaller amounts than secured loans.

Since short - term loans are often considered a financial resource of last resort, organizations which issue these types of loans tend to charge excessive fees, have rigid terms and onerous interest rates.

Some borrowers want to pay off their loans as fast as possible, which tends to be done through higher monthly payments over shorter terms.

In most cases, title loans are short - term and they tend to have higher interest rates compared to other types of loans.

These loans tend to be for smaller amounts and shorter terms than other types of loan, so the larger origination fees make up for the lower interest that lenders receive throughout the life of the loan.

A couple of benefits for federal short - term loans are that they tend to have better interest rates than longer - term loan obligations regardless of whether it's for business, education or a home purchase.

Unlike most student loans, which tend to have longer payment terms of ten years, introductory credit card offers are often much shorter.

Because small - dollar loans (also known as small - figure loans) deal in small increments of money, they also tend to be short - term with quick repayment schedules.

This can only benefit the lender — but with a personal loan, terms tend to stay on the shorter end, saving you money and keeping you on point with other expenses, or in keeping a budget.

Banks, for example, tend to have very large debt - to - equity ratios because they fund short - term loans by issuing debt.

But be forewarned: Although shorter - term loans tend to have much lower interest rates, you generally need to have at least 20 % equity, based on your home's current market value.

Home loans with shorter terms or adjustable rate structures tend to have lower average interest rates.

Shorter terms tend to have smaller interest rates than longer terms, because the borrower is committing to repaying the loan back quicker.

Although the monthly payments are higher for shorter - term loans, they also tend to carry lower interest rates.

While these are valid complaints, they tend to be common concerns with short - term loans.

Some lenders tend to focus on either long - term loans or short - term loans.

Rehab loans tend to be short - term loans that allow investors to immediately secure the finances they need, and require higher interest rates.

The danger, says Rabidoux, is that the loans tend to be short - term and financed with «flighty capital» — which could lead to problems in the event of a housing market downturn.

Payday loans tend to have shorter terms with a high interest rate and the usual average is between $ 300 and $ 500.

Given that short - term loans are designed to be temporary financing solutions, they tend to have some of the highest APRs among lending products.

Short - term loans tend to have higher interest rates than those for installment loans and because the entire loan is due at once, the payment can be high.

Some online lenders tend to specialize in either long - term loans or short - term loans — but there are also those that do both, so depending upon your business need, you'll likely need to verify whether any potential online lender offers the loan terms you need to meet your business need.

TransUnion postulates that consumers are starting to put more emphasis on personal loans because they tend to be shorter - term and paying them first helps get them out of the way.

On average, the mortgage rates assigned to 30 - year loans tend to be higher than those with shorter terms.