Short Term Loans

       
A short-term loan is a loan that's paid back over a short period of time. Short-term loans can be used to cover unexpected, any expense, spread out the cost of a purchase.

Here are some characteristics of short-term loans:

Repayment period: Short-term loans are typically repaid within six months to a year, but can be up to 18 months depending on the loan terms. 

Collateral: Short-term loans may be unsecured, some types of short-term loans, like auto title loans and pawn loans, require collateral.

Credit requirements: Short-term loans may have lower credit requirements than long-term loans

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