Ok, does it make a difference in how much you pay back of interest of a loan if your loan term is for 3 years rather than 1. And if so could you just say to the 'loan people' that you want it for over a period of 2 years and get the interest for cheaper . but then pay it oof in less than a year???????
Questions questions questions..... : )
Time frame of a personal loan???
You will normally pay less interest if you pay the loan back early. However, there may be various upfront fees that you've already paid that will not be refunded if you payback early (but that money is already gone, so what). Once in awhile you might find a loan with an early repayment fee that is a few months' interest.
Time frame of a personal loan???
go to a credit uion and try to get a loan where they charge interest based on the unpaid balance -- but to answer the question the least time you hold a lender's money the less interest you pay!!!!
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