But in fact the average repayment period chosen varied markedly.
Friends and family may agree to a longer repayment period or lower return on their investment than formal lenders.
They may even give you a longer repayment period.
But the program also provides other favorable terms, like long repayment periods, that are often not available to small businesses.
After the change, the borrower's repayment period will be a maximum of 25 years.
Mexico was allowed a 20-year repayment period at 13/16ths of 1 percent over the London interbank-offered rate.
"The longer the repayment period extends, the more interest is charged on the loan."
The length of your repayment period will be up to ten years.
If they worsen, she can extend her repayment period to 15 or 20 years.
Depending on the balance due, the repayment period may extend up to 30 years.