Personal Loans

12-Month Loans: How Right Are These?

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12 month loan

Definition A 12-month loan is more likely to fall into the division of instalment loans under the section of unsecured loans. It is also known as “personal loan” or “long-term loan”. In a 12-month loan, the borrower receives a loan from a lender for a specific amount of money to be repaid within 12 months. […]