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Long term loans are generally given to someone who is a borrower, with monthly income, and has a valuable asset. Good credit will get you a better loan opportunity, however, there are places who give loans to those with poor credit.

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Term Loans?

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?=_


How long do you have to be on your job to qualify for a car loan?

6 months minimum


Is it better to get a high interest short term loan or a low interest long term loan?

It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.


Is a bridge loan a long term or a short term loan?

A bridge loan is a short term loan. The length of the loan can be a short as a few weeks to as long as three years, depending on certain factors. That said, most bridge loans are short in term and used in business to give a company time to secure long term, permanent financing.


Can you obtain a home equity loan on a family home that does not have a mortgage?

Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.

Related Questions

Are there any long term cash loans available at low interest rates?

The best way to get a long term cash loan is from a bank. They will give you the lowest rates which are available at the time if you qualify.


Term Loans?

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?=_


How long do you have to be on your job to qualify for a car loan?

6 months minimum


Is using a home loans calculator reliable?

Using a home loan calculator can give you a good ballpark estimate of what your monthly payments would be as long as you know the loan amount, the loan term, and the interest rate. However, you need to talk to your lender about what you qualify for.


What are the terms a of a long term loan?

A long term loan is a type of loan that has an extended repayment period. There are many examples of long term loans, including both car loans and home loans. Typically any loan with a repayment period of longer than 3 years (36 months) is considered a long term loan.


Is a bridge loan a long term or a short term loan?

A bridge loan is a short term loan. The length of the loan can be a short as a few weeks to as long as three years, depending on certain factors. That said, most bridge loans are short in term and used in business to give a company time to secure long term, permanent financing.


Is it better to get a high interest short term loan or a low interest long term loan?

It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.


Examples of long term financing?

home loan, educational loan, machinary loan


Is a loan is current liability or long term liability in the balance sheet?

If loan is payable within twelve month of issuance of loan then it is current liability but if it is payable in more than one fiscal year then it is long term liability but even in long term loan, that portion of loan which is payable in current fiscal year is current liability and remaining portion is long term liability.


If you cancel a student loan and still owe less than 200 dollars will this prevent you from receiving a grant that you qualify for?

No, as long as you are not in default on the loan.


What is the journal entry for a 9000 long term loan that will be repayed at 10000 at a later time Also what is the journal entry for repaying this loan in full?

Debit cash / bank 9000Credit long term loan 9000Debit long term loan 9000debit loss on repayment 1000Credit cash /bank 10000


Can Unsecured Loan be short term or long term?

For the most part, unsecured loans are short term loans.These loans are intended to offer individuals with bad credit access to money borrowing options. Those with bad credit would not normally qualify for a traditional bank loan, but can fairly easily qualify for an unsecured loan.Unsecured loans present significant risk factors for the lender; which is why unsecured lenders charge fees and high interest rates.