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What would be the benefit of taking a longer time to pay back your loan (ex: 4 years instead of 2)?
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What would be the benefit of taking a longer time to pay back your loan (ex: 4 years instead of 2)?

User Dakorn
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1 Answer

4 votes

Answer:

•The payments are more manageable because it is lesser.

•You will pay more interest.

•The total cost of your loan is lesser

User Cxw
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