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What does a loan term refer to?

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Anonymous

12y ago
Updated: 8/20/2019

A loan tern refers to the length of time a loan is valid, and how long the customer has to pay it back. The shorter term the loan is, typically the better the interest rate.

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Wiki User

12y ago

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form_title=Term Loans form_header=Finance your business with a term loan from the bank. What type of term loan are you interested in?= [] Intermediate Term Loan [] Long Term Loan How much do you intend to borrow with your next term loan?=_ How long to do you hope to take to pay the term loan back in full?=_


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