What are online bank loan repayment terms in Durban?
The loan term in your agreement with the financial lender or bank is that which specifies the period of time over which the total amount of your loan must be fully repaid. This will be broken down into monthly payments, which will combine the minimum payment and the amount of interest that is charged on the loan amount. Online bank loan repayment terms in Durban can be anywhere from 12 to 72 months. Generally, the consumer is advised to repay the loan as quickly as they can, making payments well above the minimum each month if possible (provided there are no penalties for this).