What about longer term loans?
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antoine
Apprentice
Joined: 04 Sep 2006
Posts: 7
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 Posted: 10/16/07 - 10:12 Post subject: |
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| Hi. I am interested in a personal loan to cover some expenses I am going to be having in the near future. As I have never taken out a loan before - my mortgage not included, after al in real terms, that is a loan too - I am wondering how this works. I would like to pay the amount I need, a reasonably big one, off over the longer term. Will that be possible? |
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tadd
Apprentice
Joined: 14 Sep 2004
Posts: 8
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| Posted: 11/16/07 - 22:37 Post subject: |
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| That depends on many factors. First if all, I guess, on what you consider to be a "longer term". Secondly you need to find out what kind of terms and conditions different loan companies and banks provide. I am currently paying off a loan over five years, now being in the second year. I think that this is a realistic term. The repayments should not be too much of a strain to repay. |
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