What to Choose: Long Term Vs Short Term Loans? - letsdiskuss
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What to Choose: Long Term Vs Short Term Loans?


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Long term loans and short term loans are two different concept. The main difference between long term loans and short term loans is the amount lent. Meanwhile, long term loans are repayable in very long time but short term loans can be repaid in short period of time. Also, higher interests are applies on short term loans. Short term loans are also preferable in many areas. Long term loans require approvement of many criteria. 

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