Sentences with phrase «repayment terms»

"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.
These secured loans have much longer repayment terms with low payments and reasonable interest rates.
Take a $ 200,000 home with a 20 % down payment and a 30 - year repayment term as an example.
With it, you can borrow up to 85 % of your home's equity and take advantage of extended repayment terms.
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.
Most private student loan lenders offer loan repayment terms of varying length.
We also offer flexible repayment terms as well as competitive interest rates.
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.
Plus, they could choose new repayment terms of shorter or longer length.
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.
You can choose repayment terms from 10 to 30 years.
The company also offers flexible repayment terms ranging from 5 to 20 years.
Standard repayment term lengths are available with either company, since they each offer terms of 5, 7, 10, 15, and 20 years.
Maximum repayment term for initial loans is 5 years.
Personal loans also come with fixed repayment terms, including interest rates and loan length.
If repayment terms are not met, late penalties and extra interest may need to be paid.
Private loans are different, in that you selected repayment terms at the time of application.
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).
But they also have some of the lowest interest rates and most favorable repayment terms available.
15 yr Fixed: The total repayment term for this fixed rate loan is 15 years or 180 payments.
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 government buys out the loan balances and replaces them with a more manageable repayment term.
U ‑ fi's lender partners offer repayment terms between 5 and 20 years.
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.
And, you'll still be on the same repayment terms as you were before.
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.
Our competitive pricing and flexible repayment terms make it easy to invest in your business.
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.
Various repayment term lengths can help you balance debt payoff goals with monthly costs.
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.
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