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Upon successfully being accepted by a lender or broker, that lender or broker may pay us a fee or commission for introducing customers to them. What is the usual length of short term loans. The typical length for short term loans is 30 days.
There are other options available depending on the actual lender with some short term loan lenders offering 7 sbi personal loan repayment period loans and even 3 day loans, which are usually used for those who need money for a very short period of time for a very specific purpose.
Typically, however anything below a duration of 12 months is considered a short-term loan. Over 90 Approval Rate. Lowest Interest Rates - Instant e-Approval - Special Offers.