Loan terms are one of the most important aspects of borrowing money. They include details such as your monthly payment and the interest you’ll pay over the life of your loan. Find Out: 5 Subtly Genius ...

Lauren Graves is an experienced editor and a personal finance expert. A longer loan term typically has smaller monthly payments than a loan with a shorter term. For example, a $10,000 personal loan ...

Learn about short-term business financing options.

You must complete a loan application and continue to meet any criteria used to select you for a loan offer. Not all applicants are approved. Loan approval and actual loan terms depend on applicant’s ...

Many businesses need to borrow at some point – and one option to consider is a short-term business loan. With the majority of lenders, the minimum term on a business loan is 12 months. But it’s still ...

Guide to using short-term loans responsibly for urgent costs like car repairs or medical bills, including types, alternatives ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

Amanda Bellucco-Chatham is an editor, writer, and fact-checker with years of experience researching personal finance topics. Specialties include general financial planning, career development, lending ...

Most personal loan terms have a one-year minimum, but that may still be too long for your liking. If you need a loan you can pay back quickly, such as for an unexpected expense, there are short-term ...