Sentences with phrase «shorter than a traditional loan»

While it's a good idea to establish access to a line of credit before you need it, even a last - minute application and approval process is typically shorter than a traditional loan request.

Not exact matches

Traditional term loans usually offer longer payment terms and lower monthly payments than short - term loans and other forms of emergency financing.

Venture lenders (individuals or groups with a pool of money, or specialized banking organizations)-- they may provide term and short - term loans to technology businesses earlier than these loans would become available from traditional financial institutions; however, these loan facilities are usually reserved for businesses that have received venture capital investment and / or can demonstrate their ability to make loan payments from cash flow.

And, many times, short - term business loans may come with faster approval rates than more traditional long - term financing at the bank — which helps when time is of the essence.

This form of lending is concerning for three main reasons: Like storefront payday lending, auto - title lending carries a triple digit APR, has a short payback schedule, and relies on few underwriting standards; the loans are often for larger amounts than traditional storefront payday loans; and auto - title lending is inherently problematic because borrowers are using the titles to their automobiles as collateral, risking repossession in the case of default.

Factor rates can make short - term loans appear less expensive than a traditional interest rate would.

In general, these short - term loans have term lengths under a year and have higher interest rates and fees than traditional loans.

Another positive of OppLoans is there interest rates are much, much lower than traditional short - term loan services.

Sure, the short - term lending industry is quite a bit different than the traditional lending industry, but by eliminating a lot of that regulation and red tape of these nontraditional lenders — lenders, in specific — are able to offer their loans to individuals that simply would have been able to get a loan any other way.

Balloon loans usually have shorter terms than traditional installment loans, with the large payment typically due after a few months or years.

A short - term loan for 3 months from a direct lender like Wizzcash is different to a traditional payday loan in that you would pay it back in three instalments, rather than one lump sum.

Alabama residents can apply for a loan up to $ 999, with shorter repayment terms than traditional bank or credit union personal loans.

However, short - term and payday loans are a lot more likely to accept those with bad credit than long - term and traditional loans, such as those from your bank.

And, many times, short - term business loans may come with faster approval rates than more traditional long - term financing at the bank — which helps when time is of the essence.

Borrowing money through a short - term loan product might cost you more than a traditional bank loan, but when you factor in the speed, flexibility, and smaller funding sizes offered by alternative lenders, working capital loans are often more attractive.

Home equity lines of credit are considered a more traditional type of personal loan often with better terms than short term loans.

However, while VA and traditional loans can be used to purchase a short sale, the short sale process is more complicated than a typical closing.

Although there are guidelines in place, it's important for veterans to realize that in actuality VA loans are much easier to obtain after a short sale than many other types of traditional loan programs.

With the traditional 30 - year fixed rate mortgage your monthly payments are lower than they would be on a shorter term loan.

With most financial institutions, the term period for a loan is usually much shorter than the 30 years we see with most traditional residential home loans.

Factor rates can make short - term loans appear less expensive than a traditional interest rate would.

With a traditional 30 - year fixed - rate mortgage in Vermont, your monthly payments are lower than they would be on a shorter - term loan.

As a direct lender, Montegra has more flexibility in our underwriting process than banks and other traditional lenders do, allowing us to fund loans in short time frames so that investors don't have to worry about missing out on deals while they wait for their loan application to be approved.

With loan periods that are much shorter than traditional banks, hard money lenders like Veristone are able to adjust to market conditions and...