If you are in need of a small loan, for whatever reason, you may be wondering how you will afford it, or how long you will be paying it back for. It is important to get to grips with the terminology of a loan and have it all worked out on a repayment plan so that you know exactly how much money you need to pay each month.
Without this, you could have mismanaged finances, spiral into debt, and ultimately get bogged down with a loan you never fully understood.