What are online bank repayment terms?
When signing a loan agreement, whether online or at a bank, the borrower will have to consent to a number of terms concerning the terms of the loan and its repayment. The terms and conditions of a loan are set out by the individual lender, and depend on the financial status of the borrower. These terms include the period of repayment, the total amount, the interest rates, and any penalties for late or withheld payment. An intermediate loan normally takes anywhere between 12 and 72 months to repay, and the length of time will affect the amount of interest paid by the consumer.