Loan application | Mashonisa
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Loan application

You can find a long-term loan or a short-term loan. A long-term loan is a loan that has a payment term that is longer than 12 months and usually consists of a large sum of money. So if you are looking to start a business, renovate your home, pay a student loan or go on that exotic holiday in Bali then it’s probably a great idea to consider taking out a long term loan. The payment period may vary to 60 months or 72 months but you are more than welcome to settle the amount before the stipulated date should you be able to. A short term loan is a loan that is payable within 12 months or less and usually consists of a small to medium sum of money. A short term loan would be great to get through the month for extra groceries or any unforeseen circumstances.