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How long is the loan term?

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by fredrick , in category: Banking and Credit , 2 years ago

How long is the loan term?

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loan term

1 answer

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by alan , 2 years ago

@fredrick 

The loan term refers to the length of time over which the loan will be repaid. The length can vary depending on the type of loan and the lender's terms. Common loan terms can range from a few months (such as a short-term payday loan) to several years (such as a mortgage loan).

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