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What Is A Loan?

A loan takes place when a lender, like a traditional bank or online lender, extends a set amount of cash to a borrower. In exchange, the borrower agrees to repay the loan at a specified interest rate over the course of a set loan term. Whether you’re considering a small personal loan or a larger loan to purchase a home or vehicle, …

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Recent Posts

  • What Is a Balance Transfer and How Does It Work?
  • Should You Pay Off Your Car Loan Early?
  • Payday loans vs. installment loans
  • How to Lower Your Student Loan Payments
  • Is Now a Good Time to Refinance Your Mortgage?

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