Sentences with phrase «shorter term loans generally»

Shorter term loans generally have lower interest rates, so this is not a real world comparison.

Most banks and credit unions provide payment plans ranging from 24 to 72 months, with shorter term loans generally carrying lower interest rates.

Most banks and credit unions provide payment plans ranging from 24 to 72 months, with shorter term loans generally carrying lower interest rates.

Not exact matches

Because loans with shorter terms generally have lower interest rates, borrowers who chose loans with shorter repayment terms saw the greatest interest rate reduction.

Also known as swing loans or interim or gap financing, these loans are short - term loans with maturities generally up to one year and are usually secured by some sort of collateral.

The rate is generally fixed for a short term at the beginning of the loan, generally for the first 3, 5, or 7 years of the loan and after that the rate adjusts to the current market rate as often as stated in the contract, usually annually.

Loan payments due within one year are generally classified as short - term debt on a company's balance sheet.

Also, short term unsecured loans are generally offered with no credit check.

While some lenders estimated a better rate or promised smaller loan fees, the inherent tradeoff between long - term and short - term cost means that lenders generally can't deliver savings on both ends.

Generally, no credit check loans are offered only for small amounts - # 80 - # 1500 — and only for short terms — 2 to 4 weeks.

The Fed's 12 regional branches offer very short - term — generally overnight — loans to banks that are experiencing funding shortfalls in order to prevent liquidity problems or, in the worst - case scenario, bank failures.

Also known as swing loans or interim or gap financing, these loans are short - term loans with maturities generally up to one year and are usually secured by some sort of collateral.

The term of a home equity loan is generally shorter than that of a first mortgage, and similar to a first mortgage, the lender has the right -LSB-...]

Credit card interest rates are generally tied to the Prime Rate, which is essentially the interest rate banks charge each other for short - term loans.

The loans are generally short term (a few months to at most two years.

But be forewarned: Although shorter - term loans tend to have much lower interest rates, you generally need to have at least 20 % equity, based on your home's current market value.

This particular insurance product will protect you from lack of income by repaying your loan for up to five years if you become ill, have an accident or are unemployed (generally, the term is shorter in this case).

With a bad credit score you can generally be guaranteed your online application will be accredited with short term personal loans.

Unsecured personal loans are generally short - term borrowings.

This is why short - term loans generally have lower rates.

The relationship between interest rates for short term and long term loans is expressed by the yield curve, which generally slopes upward with longer term loans being more expensive.

According to the Consumer Financial Protection Bureau, a payday loan is a «short - term, high cost loan, generally for $ 500 or less, that is typically due on your next payday.»

, a payday loan is a «short - term, high cost loan, generally for $ 500 or less, that is typically due on your next payday.»

Payday loans are very short - term and generally are required to be paid in full within a one to two - week period.

Watch out though, the loan terms are generally shorter.

Shorter terms generally result in higher monthly payments, even when the interest rate is reduced, but will result in less interest paid over the life of the loan.

Generally, the lowest APRs are applied to shorter loan terms up to 60 months.

Generally, Kabbage is better for quick or short - term loans whereas as LendingClub is better for larger and longer - term loans.

Cash advance loan, which are also called payday loans by some, are generally given out in relatively low amounts ($ 100 - $ 1,500) and for short terms (14 - 60 days).

Its generally short term loans and they require collateral.

Payday loans are generally used for very short terms and and small amounts.

Ultimately, a shorter loan term is generally better because you'll pay less in interest.

First, you should generally only take out a cash advance in emergency situations because this type of loan is typically a short - term, one - time solution.

Auto title loans are low - risk, and (generally) short - term loans that surround the equity of a person's motor vehicle (in this case, a Nissan Maxima) and their ability to repay the loan.

The finance fees charged by a short - term cash advance loan are generally based on the size and duration of the loan, and these flat - rate fees often equate to three - digit APRs.

While this means these cards will generally have higher - than - average APRs and may come with extra fees, they can be more affordable than short - term loans and, as revolving credit lines, can be used and repaid more than once.

If you are over 18 years old, have steady employment, a valid bank account and are generally speaking financially responsible than a short - term loan may be for you.

«HELOCs are best used for shorter - term goals, say 12 to 20 months, as the [interest] rate can fluctuate and is generally tied to the prime rate,» says Richard Airey, a loan officer with Finance of America Mortgage in Portland, Maine.

Because loans with shorter terms generally have lower interest rates, borrowers who chose loans with shorter repayment terms saw the greatest interest rate reduction.

Loan terms can range from 12 months to 48 months, but as discussed above, you should generally want to keep the loan on the shorter side, so that you can pay it off as quickly as possiLoan terms can range from 12 months to 48 months, but as discussed above, you should generally want to keep the loan on the shorter side, so that you can pay it off as quickly as possiloan on the shorter side, so that you can pay it off as quickly as possible.

Credit card interest rates are generally tied to the Prime Rate, which is essentially the interest rate banks charge each other for short - term loans.

Term life insurance is generally used to cover short - term debts, provide additional protection during child raising, help provide the family's loss of income, and provide longer term protection to help pay off a big loan / debt like a mortgage or collTerm life insurance is generally used to cover short - term debts, provide additional protection during child raising, help provide the family's loss of income, and provide longer term protection to help pay off a big loan / debt like a mortgage or collterm debts, provide additional protection during child raising, help provide the family's loss of income, and provide longer term protection to help pay off a big loan / debt like a mortgage or collterm protection to help pay off a big loan / debt like a mortgage or college.

There are many reasons why someone may seek a short sale with their lender, but they all generally point to a homeowner's inability to continue to pay the monthly mortgage payments according to the current terms of the loan.

Construction loans are most often used for new construction projects and their terms are generally the longest of our short - term hard money loans, allowing you time to finish the project.

Those loans are generally short term and high interest.

Generally, a single payment loan is used for short term, temporary financing and is repaid with interest in one lump sum at the end of the term.