Loans of a couple of weeks or months are usually repaid in one amount at the end of the contract term. Longer loans and loans usually involve monthly payments
Throughout the entire period, the monthly payment does not change. At first, interest makes up a large part of it, but by the end of the loan term the proportion changes and most of the payment goes to repay the principal
Throughout the entire period, the monthly payment does not change. At first, interest makes up a large part of it, but by the end of the loan term the proportion changes and most of the payment goes to repay the principal