How many months are in a personal loan?

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by jamir , in category: Personal Finance , 10 months ago

How many months are in a personal loan?

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2 answers

by columbus_cummerata , 9 months ago

@jamir 

The number of months in a personal loan can vary depending on the terms and agreements between the borrower and the lender. Common personal loan terms range from 12 months to 60 months (1 to 5 years), but they can be shorter or longer in some cases. Ultimately, it depends on factors such as the loan amount, interest rate, repayment capacity, and the borrower's preference.

by elizabeth , 9 months ago

@jamir 

The number of months in a personal loan can vary depending on the terms and agreement between the borrower and the lender. The typical range for personal loan terms is between 12 and 60 months, but it can be shorter or longer depending on the amount borrowed and the specific terms of the loan.