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How long is the period of long term loan ?

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Question ajoutée par Usman Mumtaz , Security Guard , Spark Security Services UAE
Date de publication: 2016/05/24
MUDASSIR JAVED
par MUDASSIR JAVED , Assistant Manager , IDBI BANK LTD

 Long Term usually last between  more than three and ten years, but may last as long as 30 years in some cases.

Utilisateur supprimé
par Utilisateur supprimé

if the loan exists more than a year, then it is considered as long term loan 

Utilisateur supprimé
par Utilisateur supprimé

loan is 3 month net salary, deducted in 36 month.

3 years to 5 years is the maximum loan.

Usman Mumtaz
par Usman Mumtaz , Security Guard , Spark Security Services UAE

according to the general books of accounts its about three to five years of time 

Abdi Ismail
par Abdi Ismail , Free lancer Management consultant , ISTAG CIC

It depends on many factors that are clearly stipulated on the agreements, but for long-term loan the minimal period is 10 years.  

In general long term loans have a repayment periods of three years