What are online bank loan repayment terms in South Africa?
Repayment terms refer to the agreement made between a borrower and lender regarding the specifics of the loan. Online bank loan repayment terms in South Africa vary from lender to lender and also depend on the financial status of the debt holder. A poor credit score, for example, can have a negative influence on your personal risk profile and result in a higher interest rate offered by the bank. Generally the repayment term for South African loans varies between 12 and 72 months, and the longer the period to pay off your loan, the more you will pay in interest over the long-term.