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On the maturity date, the borrower will be expected to pay the full amount of the loan to the lender. Some lenders may even provide borrowers with a payment plan to help ensure full payment is made. If a loan cannot be fully paid by the end of the term, the borrower may refinance (or ârolloverâ) the loan; however, this comes with late charges and additional interest fees. These quick cash loans require no collateral, which comes at a higher interest rate than a traditional loan. This is because the lenders are taking more of a risk lending their money to you. If you are looking for lower interest rates you may want to consider a home equity line of credit or even a title loan which can have lower rates. Those type of loans generally take longer to get approvals for and require documentation of assets. How to Apply for Plain Green Loans – Short Term Resources
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