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goldfiish [28.3K]
3 years ago
11

What are the benefits of a long term loan?

Social Studies
2 answers:
Pepsi [2]3 years ago
7 0

The correct options are: A - B

A short-term loan is a type of loan that must be repaid within a maximum period of one year. For its part, a long-term loan is one that has a maturity of more than one year, that is, it can be repaid in installments whose payment period exceeds twelve months. By offering the option of returning it over a long period of time, allows you to choose the number of installments with which we will feel more comfortable paying. Long-term loans are better adapted to the solvency capacity of each user.

In many cases, contracts for long-term loans can be modified or renegotiated.

TiliK225 [7]3 years ago
6 0
The possible answers I can think of is that *you have a lower monthly payment* and that *you have longer to pay it*.
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