Short-term loans, including payday loans, personal loans, and cash advances, offer a crucial financial lifeline during emergencies, providing quick access to funds for urgent needs. With brief durations, typically spanning weeks to months, they address unforeseen expenses like medical bills or car repairs. Offered by various lenders, these unsecured loans often come with higher interest rates due to their shorter term. The streamlined approval process, absence of collateral, and varied repayment terms make them accessible but require responsible use to avoid a cycle of debt. Understanding the dynamics of short-term loans empowers borrowers to navigate financial challenges while maintaining long-term stability.

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Memperkasakan Kestabilan Kewangan: Dinamik Pinjaman Jangka Pendek 

Date of Input: 23/01/2024 | Updated: 23/01/2024 | norhidayatul