"Repayment terms" refers to the specific conditions and requirements that determine how and when a borrowed amount of money must be paid back to the lender.
Full definition
This plan is typically not available for loans with
repayment terms of less than 10 years.
Is there any greater gift than a better interest rate, lower monthly payments, and a
shorter repayment term on your student loans?
Their loans range $ 25,000 - $ 500,000
with repayment terms of Monthly payments for 6 months - 5 years.
The next step is to compare lenders and other options to get good
repayment terms for your budget and low interest rates.
As an added bonus, shorter
repayment terms in the private loan market often have lower interest rates, compounding your savings.
By keeping an eye out, you'll know when your score is the strongest so you can grab the lowest possible rates and
best repayment terms for the financial product you need.
When seeking a modest sum, like $ 5,000, the task is easier, with
repayment terms as long as 7 years rather than the usual limit of 5 years.
Thus, they are able to offer military loans with lower interest rates, more
comfortable repayment terms, and without requiring collateral, or valuable property to secure the loan.
There is a 5 - year advance period with a 10 - year
repayment term from the date of the last advance.
Sometimes creditors will work with delinquent customers in the early stages of delinquency to negotiate
different repayment terms that will help the customer bring the account current.
Most private loan lenders offer
repayment terms up to 20 years, with some like U ‑ fi offering a 25 - year option.
Standard repayment term lengths are available with either company, since they each offer terms of 5, 7, 10, 15, and 20 years.
The fixed interest rate options with the lender are more cost - effective than other private lenders, but the
shortened repayment term may be an obstacle for some borrowers.
High interest, for example, will probably mean longer
repayment term so that the repayment sum is kept to a minimum.
After all, wouldn't a longer
repayment term mean more money for the lender, and so they could afford to offer borrowers a better rate?
During your research, keep in mind shorter
repayment terms typically mean you will pay less interest than if you had chosen a longer repayment (assuming the rates are equivalent).
Unlike a fixed - rate mortgage loan, which carries the same interest rate for the
entire repayment term, an adjustable / ARM loan has a rate that changes over time.
In fact, the purpose of refinancing is to achieve a lower interest rate — and you'll get new
repayment terms at the same time.
The company is more likely to approve longer
repayment terms when high - risk applicants allow them to make a profit.
You can also make the federal education loans more affordable by consolidating them, which makes a variety of alternate
repayment terms available.
The exact
repayment terms depend on when you took the loan out: Some borrowers pay 10 percent of their discretionary income, others pay 15 percent.
We understand your needs so we offer loan
repayment terms which last up to 90 days with low, fixed payments.
They usually have lower interest rates, more
generous repayment terms, and you get access to benefits like income - driven repayment plans.
Besides having great interest rates and
convenient repayment terms such loans do not consider past credit performance of the borrower, thus eliminating the need for a cosigner.
Private student loans tend to have
stricter repayment terms and fewer options for repaying them compared to federal student loans.
Many borrowers whose
repayment terms begin after graduation don't understand that they can voluntarily contribute small payments toward their loans while still in school.
Because loans with shorter terms generally have lower interest rates, borrowers who chose loans with shorter
repayment terms saw the greatest interest rate reduction.
In addition, contrary to loans and credit cards, you may count on more
friendly repayment terms and no interest charges.
Phrases with «repayment terms»