Editor's choice: OppLoans Installment Loans
- Easy online application
- Quick approval
- Fast funding
- Long repayment terms
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One of the main concerns people have with short term loans is the costs. How much will you be charged? What are the interest rates? What if you can’t pay my loan back? Many short term lenders have attempted to be transparent with their fee structures, outlining what you will and might be charged when you decide to take out a loan with them. In this guide, we’ll take you through exactly what you need to know.
The interest rates and fees charged per loan vary depending on the lender. On top of that, each lender may have different interest rate ranges depending on your credit score. Check the comparison table below to see some preliminary information regarding what lenders charge.
Here’s an example of repaying a typical short term loan:
Here are other ways you can compare your loan options:
Online business and personal loans for the Puget Sound area of Washington State.
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Also known as Hometown Community Bank, this Illinois lender offers programs tailored to local businesses.
This Wisconsin bank offers special programs for agriculture business and nonprofits at seven branches.
Agriculture loans, real estate financing and more from this Eastern Missouri lender.
This lender is transparent about fees — but still a risky choice.
A lack of transparency and customer reviews means you may want to look elsewhere.
This Kentucky-based local lender offers a variety of business loans and specializes in SBA lending.
With limited information available online, you may want to consider other options.
Find a line of credit — even if you don’t have a perfect score.
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