A short-term loan is a convenient and quick way to borrow money. However, since it does not involve guarantees or reports from your employer, you yourself must take on greater responsibility for repaying the loan.
Short-term loans can be received for a relatively short period of time, usually a couple of months. Because the loan usually has to be repaid in one payment, it is important to understand that such loans are meant for emergency situations and cannot be used to resolve any long-term financial problems.
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