Sentences with phrase «repayment over a longer duration»

Besides, you can easily and conveniently spread out the loan repayment over a longer duration.

Not exact matches

Because the repayment term is longer, interest has more time to add up and you can end up paying thousands more over the duration of your loan.

If you opt to refinance to obtain a longer repayment period, however, your monthly payments will decrease, but the total amount of money you pay over the duration of your loan will increase.

Longer loan duration may also translate into lower monthly payments due to the ability to spread the repayments over a longerLonger loan duration may also translate into lower monthly payments due to the ability to spread the repayments over a longerlonger term.