3 Types of Loans Based on Term: Understanding Short-term, Medium-term, and Long-term Loans
What are 3 types of loans based on term? Types of Term Loans Short Term Loans. A short-term loan is usually for 1 to 2 years. Medium-Term Loans. A medium-term loan is usually for a period of 2 to 5 years and can be said to be a hybrid of short and long-term loans. Long … Read more