Sentences with phrase «faster loan repayment periods»

Other common pros include potential lower monthly payments, usually from lower interest rates and longer loan terms, and faster loan repayment periods by refinancing to shorter loan terms.

Not exact matches

Borrowers considering a payday loan might instead try peer - to - peer lenders or online lenders, which might offer fast funding and shorter repayment periods.

This is because APR calculations assume long - term repayment schedules; for loans that are repaid faster or have shorter repayment periods, the costs and fees are spread too thin with APR calculations.

Then select the repayment schedule that best fits your budget or goals — choose a lower payment over a longer period of time to minimize the impact on your monthly cash flow, or choose a higher payment over a shorter period of time to incur less interest and pay off your loan faster.