Sentences with phrase «loan over a short period of time»

If you prefer to pay back your loan over a shorter period of time, Kabbage offers terms of six or 12 months.

A temporary cash flow loan probably won't make sense for every business or business need, but can be beneficial to generally healthy businesses that need access to capital quickly and have the means to repay the loan over a short period of time.

It is much better to repay a small personal loan over a short period of time successfully, than a larger loan over a longer period with extra pressure.

If you're planning to pay off your loans over a shorter period of time, you may be better off looking elsewhere

Not exact matches

An online term loan is lump - sum financing repaid over a fixed period of time (3 - 36 months for short - term and up to 10 years for long - term).

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

Unlike primary mortgages that tend to be paid off over a 30 - year period, home equity loans and HELOCs are often used for a shorter amount of time.

They are called short term loans for a reason — either should not be used over a long period of time.

Strictly speaking, short term loans differ from payday loans in that you pay back short term loans over a set period of time (3 months, 6 months etc.).

A balloon is a short - term loan that is amortized over a long period of time to get the borrower a low payment.

Payday loans have high interest rates and fees, which are settled over a short period of time.

On the other end of the spectrum are installment loans, which are typically for larger amounts that can be paid off over a lengthier period of time, and carry more favorable interest rates than their short - term counterparts.

While auto, mortgage and student loan applications over a short period of time are treated as one single inquiry, that is not the case for credit cards.

You can hurt your score when multiple agencies check your credit report over a short period of time, so do your research and select only the lenders that look like the best fit before applying for a bad credit auto loan.

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

This type of loan will eliminate the high fees on current balances on your credit card accounts and replace the multiple monthly payments with one lower payment over a much shorter period of time.

Forbearance can give you a reprieve from paying on your student loans until you are better off to do so financially; however, forbearance will only be granted for a short period of time and a limited number of times over the life of your accumulated loans.

This type of loan might offer lower amounts stretched over a shorter period of time, but it is the best option for you if your financial situation is not what you would call steady.

Banks and traditional lending institutions prefer to finance properties that will be held over a long period of time; short - term loans prevent these lenders from making money from the interest paid on these loans.

In most cases, the shorter the loan term, the lower the interest rate (but the higher the payment since the loan is being amortized over a shorter period of time).

However, the problem with these loans, besides the excessive interest rates of over 400 percent annually, is that the short repayment period disables borrowers to distribute the cost over time.

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.

Short - term cash advance loans are intended to finance smaller purchases — most short - term loans max out at $ 2,500 — over a short period of time, typically less than six months (but as short as seven dShort - term cash advance loans are intended to finance smaller purchases — most short - term loans max out at $ 2,500 — over a short period of time, typically less than six months (but as short as seven dshort - term loans max out at $ 2,500 — over a short period of time, typically less than six months (but as short as seven dshort period of time, typically less than six months (but as short as seven dshort as seven days).

They offer installment loans, a type of short - term loan that you pay back over a period of time in fixed repayments on the amount you borrowed, interest and fees.

They can also choose to maximize total savings by refinancing into a loan with a shorter repayment term, or shrink their monthly payment by choosing a loan that stretches their payments out over a longer period of time.

An online term loan is lump - sum financing repaid over a fixed period of time (3 - 36 months for short - term and up to 10 years for long - term).